Our business in Norway is focused on the Norwegian Continental Shelf. We have interests in a total of 21 exploration and production licenses and are operator of three.
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 1,500 barrels of oil per day. We also have a 10% interest in the Centrica-operated Fulla gas/condensate discovery which are both 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 in the next couple of years.
2013 will be another important licensing round year for Dana in Norway with announcement of the APA 2013 expected in the spring and announcement of the 23rd round later in the year with focus on the northern part of the Norwegian Continental Shelf, including licenses in the Barents Sea.