Aberdeen oil and gas explorer Parkmead said yesterday it had completed a deal to buy stakes in some onshore oil and gas fields in the Netherlands.
The £5.9million acquisition from Dutch firm Dyas includes a 15% interest in four producing gas fields – Parkmead’s first producing assets – and two oil fields, one due on stream next year. Production at the start of the year was 2,000 barrels of oil equivalent per day (boepd) with 300boepd to Parkmead.
Parkmead said: “As the board of Parkmead looks to build a new independent oil and gas company on an accelerated basis, this acquisition is of strategic importance with the group entering production within one year of the oil and gas team being assembled at Parkmead.”
Executive chairman Tom Cross said: “We are pleased to have secured stakes in these attractive licence areas that give Parkmead its first gas production and near-term oilfield developments.”