Dana confirms first production from Van Nes well and completion of Medway project

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Dana Petroleum plc ("Dana") is delighted to announce that on 30 April 2012, first gas production began from the Van Nes field located in block P11b within the Medway development area (Dana 50% and operator, EBN 50%).

  • First gas from the Van Nes field in the Medway project, phase 2
  • Expected to produce 4,000 barrels of oil equivalent per day (boepd) in 2012
  • Second subsea tie-back to Dana-operated De Ruyter platform, completes the Medway development project

Dana Petroleum plc ("Dana") is delighted to announce that on 30 April 2012, first gas production began from the Van Nes field located in block P11b within the Medway development area (Dana 50% and operator, EBN 50%).

The subsea well, located on the Dutch continental shelf approximately 60 km north west of The Hague, will produce gas via the Dana-operated De Ruyter platform.

The Van Nes field is expected to produce around 4,000 boepd, with 2,000 boepd net to Dana in 2012.

Commenting on the news, Dana's Managing Director in The Netherlands, Reidar Hustoft said:

“We are delighted to have brought Van Nes into production, which completes the Medway subsea development project and months of hard work from the teams involved. In January 2012, we successfully completed phase 1 of the Medway project by starting up the Van Ghent tri-lateral oil well.

"We are very pleased that we have delivered this project safely and without environmental incidents. We look forward to working with our joint venture partner EBN to maintain these standards as we continue to seek further growth opportunities within the wider De Ruyter area.

"Van Nes brings Dana’s number of producing fields to 47 internationally and is another example of the success the Dana and KNOC partnership is delivering."