Hansa Takes Four Dutch Licences
Hansa Hydrocarbons is set to enter the Netherlands following the award of four licences in the country.
The award sees Hansa take a 100 per cent interest in four offshore licences in the Netherlands: the G18, H16, M3 and N1 Blocks, also known as the 4Quads.
Hansa says prospectivity for gas on the licences is high, given the blocks' proximity to two other blocks, in which Hansa holds a 20 per cent stake, the H and L Blocks, and the play present in all six blocks. The 4Quads blocks are an extension of the Lower Rotliegend play found on the H and L Blocks, Hansa said today, with two prospects already identified on the four new blocks.
"Two prospects have been mapped within a mega closure tested by two NAM wells in the 1980s, both of which encountered gas in thin Carboniferous and Havel sandstones," a statement from Hansa said today. "Proprietary work carried out by Hansa has demonstrated the likely development of thicker Havel sandstones over parts of the mega closure leading to the potential for some of the largest accumulations remaining in the basin."
Hansa will now undertake seismic study to further identify the prospectivity of the prospects before drilling begins.
"The 4Quads epitomises Hansa’s core strength of bringing new thinking to bear through leveraging its unique knowledge from the area and performing its own proprietary technical work to identify opportunity which has been hitherto unrecognised," CEO of Hansa, John Martin, said today. "With conventional prospective resources in excess of 2 tcf (trillion cubic feet) of gas-in-place the 4Quads are strategically significant for not just Hansa but also the Netherlands."
The award of the four licences is dated from the 18th of September 2012 and are awarded for six years each.