UK-based exploration company Parkmead Group said Wednesday its onshore Diever-2 well located in the Netherlands hit a “significant” pay zone.
The well discovered a 157 foot gas column, with both net pay and porosity values exceeding pre-drill expectations.
Diever-2 reached a total depth of 7,457 feet. Gas was discovered in a “good quality” Rotliegendes age sandstone reservoir.
The well was drilled by Calgary-based Vermilion Energy with the Explorer TB2100S drilling rig on behalf of a joint venture between Parkmead, Vermilion and Netherlands-based companies NAM and EBN.
Vermilion will set production casing in the well prior to testing.
The Diever-2 well was targeting the Diever West exploration prospect.
Vermilion is the operator of the well.
The company expects to tie Diever West into existing production facilities in the area.
Diever West is located in the Drenthe IIIb production licence in onshore Netherlands.
Parkmead holds a 7.5 percent stake in the license, Vermilion owns a 22.5 percent stake, NAM holds a 30 percent stake and EBN owns a 40 percent stake.
“We are delighted to report that a discovery has been made at Diever West. This new field provides an excellent, additional near-term production opportunity for Parkmead,” Parkmead executive chairman Tom Cross said.