EBN Buys into Oil Production at Dutch North Sea Block

Dutch oil and gas firm EBN reported Wednesday that it has bought from GDF Suez a 40-percent share in oil production at the L5a block in the Dutch zone of the North Sea. Located around 60 miles northwest of Den Helder, the L5a block includes the L5a-E oilfield. 

EBN has been a partner with GDF Suez in gas production in the L5a block since 2008. The deal announced today that GDF will retain a 60-percent stake in the block's oil production.

EBN noted that the L05-13 well recently encountered oil. An evaluation well, L05-14, is currently being drilled and is located around one mile northeast of the LO-13 well. Both wells are designed to give EBN and GDF more information about the characteristics of the oilfield, with both firms planning to develop the field.

EBN CEO Jan Dirk Bokhoven commented in a company statement:

"L05a is one of the developments in the growing oil portfolio of EBN. The successful cooperation with GDF Suez shows that besides natural gas production there are opportunities for oil production in the Dutch North Sea too."

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  First Workers Complete New Industry Tr... (Mar 29)
 -  Mexico, UK Strengthen Ties with 5-Day ... (Mar 29)
 -  Sparrows Group Teams in Australia to D... (Mar 28)
 -  INPEX to Reorganize Natural Gas Busine... (Mar 28)
 -  Scottish Offshore Service Provider Pra... (Mar 28)


Most Popular Articles

From the Career Center
Jobs that may interest you
Field Project Assistant
Expertise: Project Management
Location: Midland, TX
 
United States Houston: HR Operations Partner
Expertise: Business Development|HR - General
Location: Houston, TX
 
United States Williston: Account Rep, Bus Dev
Expertise: Business Development|Marketing|Sales
Location: Williston, ND
 
search for more jobs

Brent Crude Oil : $52.42/BBL 2.12%
Light Crude Oil : $49.51/BBL 2.35%
Natural Gas : $3.17/MMBtu 2.25%
Updated in last 24 hours