These cover blocks G18, H16, M3 and N1.
Both companies will hold a 30% interest, with GDF SUEZ E&P Nederland becoming operator following an agreement regarding the drilling of a first exploration well. The transfer is subject to approval by the Dutch authorities.
Dutch state entity EBN will hold the remaining 40%.
The 4Quads licenses are adjacent to the German/Dutch North Sea median line with the mid-point 68 km (42 mi) north of the mainland. Water depths range from 27-40 m (88.6-131 ft).
According to Hansa, the main exploration objective is the continuation of the basal Rotliegend play proven in the German H&L licences where Hansa has a 20% interest.
During 2014, a 965-sq km (372-sq mi) 3D seismic survey was acquired over the 4Quads licenses, and the current interpretation program results should assist direct mapping of reservoir sands across a mega closure thought to be the main source of the prospectivity
Hansa aims to mature prospectivity by year-end, and then progress to establishing drilling targets.
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