Aberdeen-HQ’d Parkmead boosts stakes in Dutch gas fields for £485,000
Aberdeen-HQ’d Parkmead boosts stakes in Dutch gas fields for £485,000
Aberdeen-headquartered Parkmead Group has agreed a €565,000 (£485K) deal to boost its holding in several onshore gas fields in the Netherlands.
Parkmead is acquiring a royalty interest, once held by the Shell-Exxon joint venture firm NAM, from operator Vermillion Energy.
The deal will increase Parkmead’s “effective financial interest” in the Drenthe IV, Drenthe V and Andel Va licences from 7.5% to 15%.
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