Northern Petroleum says that its wholly owned subsidiary Northern Petroleum Nederland B.V (NPN) has commenced well site construction works at Tiendeveen which with Nieuwendijk forms a two well exploration drilling programme being carried out in The Netherlands during the first part of 2009.

Tiendeveen is a gas prospect with a mean un-risked potential gas in place of 67 bcf. located 4km. northwest of the Geesbrug gas field development on the Drenthe III licence in northeast Netherlands.

Site preparation works will commence shortly at Nieuwendijk, an oil prospect with a mean un-risked reserve potential oil in place of 56 million barrels close to the Ottoland oil field development in southwest Netherlands.

In both licences the costs will be shared and the interests are currently held,

Northern Petroleum Nederland B.V. 45% EBN 40% Dyas B.V. 15%

The wells will be drilled under the three well drilling contract announced on 15th September 2008. The third well remains at Northern Petroleum Nederland’s option. All necessary pre-drilling approvals are in place for both the Tiendeveen and Nieuwendijk wells. Those for the Papekop production well are still awaited.

These wells fall under the terms of agreements between NPN and Nederlandse Aardolie Maatschappij B.V. (NAM) detailed in announcements made on 14th June 2005 and 12th August 2005.

Tags: Northern Petroleum