Hansa builds stakes in Dutch offshore licenses

Hansa Hydrocarbons has been 100% interests in blocks G18, H16, M3, and N1 in the Dutch North Sea.

Offshore staff

LONDON -- Hansa Hydrocarbons has been 100% interests in blocks G18, H16, M3, and N1 in the Dutch North Sea. The licenses run for six years.

Dutch state entity will likely participate with a 40% stake.

The 4Quads blocks all are adjacent to the German/Dutch median line east of and contiguous with the H&L blocks, where Hansa already holds a 20% interest.

The prospective areas are in shallow waters in 35m (115 ft) water depth, 35 km (21.8 mi) north of the NGT gas trunkline in the Dutch North Sea.

Hansa has identified an extension of the Lower Rotliegend (Havel) play tested successfully in the adjacent H&L blocks. Two prospects have been mapped within a mega-closure tested by two wells drilled by NAM in the 1980s. Both encountered gas in thin Carboniferous and Havel sandstones.

There is likely development of thicker Havel sandstones over parts of the closure with potential for some of the largest accumulations to remain in the basin. Seismic will be acquired to further delineate prospectivity prior to drilling.

John Martin, Hansa Hydrocarbon’s CEO, said: “With conventional prospective resources in excess of 2 tcf of gas-in-place the 4Quads are strategically significant for not just Hansa but also the Netherlands.”

10/4/2012

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