Our business in Norway is focused on the Norwegian Continental Shelf. We have interests in a total of 10 exploration and production licenses in addition to the APA 2014 license awards.
Dana’s presence in Norway was established through the acquisition of Ener Petroleum in 2007. Ener Petroleum was founded in 2005, and went on to acquire a 45% interest in the Jotun field from Shell the following year.
Through APA (Awards in Pre-Defined Areas) and ordinary licensing rounds, farm-ins and asset swaps, we have built a successful business with an average annual production of 1,250 barrels of oil per day. We also have a 10% interest in the Lotos-operated Fulla gas/condensate discovery which is being evaluated for development.
Our strategy is to increase production through further investment in our drilling programme and we plan to drill three exploration wells this year.