Our portfolio in the UK consists of various exploration, production and development activities throughout the Northern, Central and Southern North Sea, West of Shetland, and in the Moray Firth.
We hold a total of 20 operated and 35 non-operated licences acquired through successful licensing rounds, acquisitions and asset farm-ins. Our average annual production in 2011 was 33,000 barrels of oil per day.
Careful portfolio management and rigorous technical review has resulted in Dana participating on average in six exploration and appraisal wells per year over the past three years. This accounts for almost 10% of the total annual exploration and appraisal wells drilled in the UK, making Dana a key player in the North Sea.
Our strategy is to continue to invest in our UK exploration portfolio and convert exploration prospects into reserves and production. In 2012 we plan to drill five exploration wells and participate in the UK 27th Licensing Round.
Main image courtesy of Petrofac Training