Dana Petroleum
Press Release
19 May, 2009
DANA PETROLEUM PLC
DANA DISCOVERS FURTHER GAS CONDENSASTE AT FULLA, OFFSHORE NORWAY
Dana Petroleum is delighted to announce the successful appraisal
of the Fulla gas condensate field through the drilling of a
second Fulla well 30/11-7A. This well, which is a side-track
of the initial discovery well, 30/11-7, is located just 10 km
north east of the Frigg Field in the North Sea.
The purpose of this well was to prove petroleum in the middle
Jurassic Brent group reservoir rocks. In February this year,
the first Fulla well made a discovery in the lower part of the
Brent group in well 30/11-7, located on the same prospect, close
to the abandoned Lille Frigg field.
This second well encountered gas in reservoir rocks belonging
to the upper part of the Brent group (Tarbert formation). As
planned, the discovery was not tested, but extensive data collection
and sampling has been carried out. Proven volumes for the two
wells are currently estimated at between 60 and 105 million
barrels of oil equivalent.
The well was drilled in 111 meters of water, to a vertical depth
of 4,118 meters below the sea surface in the Etive formation
of the Brent group, using the Transocean Leader semi-submersible
rig. The Fulla discovery is thought likely to be commercial
and a development by tie-back to nearby infrastructure is being
considered.
Commenting on the news, Tom Cross, Dana’s Chief Executive said:
“We are delighted that the joint venture group has been
able to return so quickly to Fulla and discover significant
additional hydrocarbons in the field through accelerated drilling.
Given Fulla’s close proximity to existing infrastructure, we
look forward to the early consideration of development options.”
19 May, 2009
For further information please contact:
| Tom Cross, Chief Executive | Dana Petroleum plc | 01224 652400 |
| Stuart Paton, Technical & Commercial Director | Dana Petroleum plc | 01224 652400 |
| Nick Elwes | College Hill Associates | 020 7457 2020 |
Notes to Editors:
- The Fulla field is located in production licence PL352/035B in the central part of the Norwegian North Sea.
- Licensees in production licence PL352/035B are StatoilHydro (Operator) (50%), Svenska Petroleum (25%), Det norske oljeselskap (15%) and Dana Petroleum Norway (10%).
- Dana acquired its interest in this licence through a swap transaction with Det norske oljeselskap in 2008.
