Fossil Energy – Gas Discovery On Stream
Parkmead, the independent energy group backed by North Sea oil and gas entrepreneur Tom Cross, has commenced gas production from its new LDS-01 discovery in the Netherlands.
Last week, Tom Cross said that Parkmead’s successful drilling campaign in the Netherlands had resulted in the LDS-01 well encountering new commercial gas volumes.
Parkmead said that the well has been tied into the neighbouring commercial gas production infrastructure in just a few weeks, demonstrating again the operational efficiency of Parkmead’s low-cost assets onshore the Netherlands, where operating costs are less than $9 per barrel equivalent.
