Discovered in September 2014, the field is tied into existing production facilities via a new pipeline while the gas is extracted through the Garijp treatment system.
The field, which commenced production within just 14 months of discovery with the Diever-2 well, is located onshore on the western edge of the Lower Saxony Basin, approximately 10km to the east of the producing Weststellingwerf, Noordwolde, Vinkega andNijensleek fields, on the Drenthe IIIb Production license.
The license also comprises producing Geesbrug gas field which is also owned by Parkmead.
Parkmead executive chairman Tom Cross said: "We are delighted to achieve first gas from the Diever West field in the Netherlands, which provides an important additional revenue stream for Parkmead.
"The Company has already received revenues from the first gas sales from the field.
"The new gas production from Diever West will act as a natural hedge to the low oil price environment at this key stage in Parkmead’s growth."
Drilled on behalf of the co-venturers by operator Vermilion Energy in 2014, the Diever-2 well intercepted 157ft gas column and with good quality Rotliegendes age sandstone reservoir.
Significantly, the well has undergone flow test which resulted in flow rate of 29 million cubic feet per day.
Parkmead is planning further production enhancement work in Netherlands including new well at the Geesbrug gas field in order to maximize gas production.
