Hansa Hydrocarbons Limited (Hansa) has completed a farm-out with GDF SUEZ E&P Nederland B.V. (part of the ENGIE Group) in respect of a 30% interest in its 4Quads licences (blocks G18, H16, M3 and N1) in the Dutch North Sea.

Pursuant to this transaction Hansa and GDF SUEZ E&P Nederland B.V. will each hold a 30% interest in the licences and EBN, the Dutch state entity, the remaining 40% interest. Operatorship across the 4Quads licences will be transferred from Hansa to GDF SUEZ E&P Nederland B.V. upon approval by the parties of the drilling of the first exploration well. The transfer of operatorship will be subject to the approval by the Dutch authorities.

Tags: Hansa Hydrocarbons Limited