Pennzoil Confirms Discovery of Natural Gas Field
Undated (AP) _ Pennzoil Co. announced Tuesday that the completion of a second well off the coast of the Netherlands by the Noordwinning Group has confirmed the discovery of a natural gas field in the Dutch sector of the North Sea.
Pennzoil, which is operator for the group and owns 20.9 percent of the project, said it has applied for a production license from the government of the Netherlands for Block L-8 about 100 miles north of The Hague in 90 feet of water.
Last summer, gas was tested from the discovery well at rates up to 34 million cubic feet a day, Pennzoil said.
Other partners in Noordwinning Group are Amax Production Corp., 20.9 percent; Wintershall AG, 20.9 percent; Royal Dutch-Shell Group of Companies, 10.25 percent; British Petroleum Co. PLC, 9.25 percent; Hoogovens Delfstoffen BV, 9.2 percent; Diamond Shamrock Corp., 6.8 percent; and Caland Exploratie BV, 1.8 percent.