Project Profile
Value: Undisclosed
Location: State of Schleswig-Holstein, within the northwest German Basin
Area: 2,000 acres
Start-up Year: -
PRD Energy has been awarded the Ostrohe exploration license, which covers approximately 156,000 acres, as well as the Prasdorf production license, covering approximately 2,000 acres. Both licenses are located in the state of Schleswig-Holstein, within the northwest German Basin.
The Prasdorf production license previously produced petroleum and was abandoned by its former operator in 1992. It covers approximately 2,000 acres and has been awarded for an initial period of three years and includes all rights from surface to basement. Pursuant to the terms of the license, PRD is committed to bringing one well onto production within the initial three year term.
Operators:
PRD Energy: Operator with 100% interest