Hansa Hydrocarbons confirms important discovery offshore the Netherlands

LONDON -- Hansa Hydrocarbons Limited has announced that the N05-1 exploration well drilled offshore Netherlands on its GEms licences, has been confirmed as a significant discovery, encountering gas in the target basal Rotliegend sandstones. Hansa and its partners Oranje-Nassau Energie B.V. (ONE) and Energie Beheer Nederland B.V. (EBN, the Dutch State entity), further appraised the reservoir distribution and delineated the structure with a downdip geological side-track, which also encountered gas. The reservoir interval was cored throughout and 24 m of net sand was encountered with high permeability. This was confirmed by the DST in the vertical well, which was flow tested at a maximum sustained flow rate of 53 MMscfd, which was the limit of surface equipment. The results of the well exceeded pre-drill expectations.

The Ruby discovery extends across the N04, N05, N08 and Geldsackplate licences in the Dutch and German North Sea sectors respectively in a water depth of 28 m. The N05-1 well was drilled as a joint well between the N05 and Geldsackplate licence groups, with Hansa participating at a 40% working interest. The well was operated by ONE and drilled with the Paragon Offshore Prospector-1 rig, which moved off location on Aug. 30, 2017.

Hansa is operator of both the Dutch and German GEms licences, Blocks N04, N05, N8 and N07c in the Netherlands, with interests post-EBN participation of 25% to 30%, and the Geldsackplate licence in Germany with an interest of 50%.