Hansa farms into German blocks

Hansa Hydrocarbons is to farm into Wintershall's B20 008/71 license in the German North Sea. The license covers four blocks in the H quadrant (H15-18) and five in the L quadrant (L1-5).

Offshore staff

LONDON, UK --Hansa Hydrocarbons is to farm into Wintershall's B20 008/71 license in the German North Sea. The license covers four blocks in the H quadrant (H15-18) and five in the L quadrant (L1-5).

Under the accord, Hansa will take a 20% working interest in return for contributing to the cost of a well scheduled for late 2009 on the L1-Alpha discovery. Wintershall will remain as operator with 40%, with the remaining 40% interest assigned to GdF Suez E&P Deutschland.

The L1-Alpha well proved gas in Lower Rotliegendes sandstones with commercially acceptable levels of nitrogen. The H and L blocks extend over an area of 2,240 sq km and contain several other finds, but the acreage has not been drilled for over 30 years, due to inadequate understanding of the sand distribution and nitrogen presence.

Hansa, based in London, is a relatively new company focusing on exploiting gas in existing discoveries across the Permian basin, extending from the southern North Sea through onshore northern Europe.

3/5/2009

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