At a glance

Dana Petroleum was formed in 1994 to exploit opportunities in the UK North Sea. Today we’re a $3 billion oil and gas business with operations in the UK, Egypt, Norway, The Netherlands and Africa. Our ambition is to grow to become a leading international oil and gas company operating in Europe, the Middle East and Africa, more than doubling in size by 2016.

Dana was acquired by the Korean National Oil Corporation (KNOC) in October 2010. Korea is the eighth fastest growing economy in the world. It is also the fifth largest importer of oil and second largest importer of liquefied natural gas. So, energy security is the key issue. KNOC’s vision is to meet the future energy needs of Korea and Dana has a significant role to play.

Key facts

Daily production	55,000 barrels of oil and gas
Producing fields	47
Operating countries	8
Group headquarters	Aberdeen
Employees	500
Revenue	$950 million (2010)
Investment	> $5 billion 2012 - 2016

Successes in 2011

Production	Increased by 30% on 2010
Partnership	Developed partnership with KNOC
People	More than 25 new people joined Dana
Western Isles	Field development plan and environmental statement submitted to DECC
Arran	Environmental statement approved by DECC
Tolmount	Significant gas discovery in Southern North Sea
Hanze	Dutch platform achieved 10 years with zero lost time injuries
Van Ghent	First production from innovative tri-lateral well
Norway	Awarded five new licenses
Egypt	4 onshore discoveries & 3 development lease awards
Matr-1XST	First production from well in North Zeit Bay, Egypt
Petro Kareem	Joint venture with Egyptian General Petroleum Company announced