GDF Suez teams with Hansa in emerging Dutch offshore play

Offshore staff

LONDON, UK - Hansa Hydrocarbons has completed a farm-out with GDF SUEZ E&P Nederland (part of the ENGIE Group) of its 4Quads licenses in the Dutch North Sea.

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.

9/17/2015

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