Drilling starts on Clapton exploration well in Norwegian North Sea

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Dana Petroleum plc (‘Dana’), a wholly owned subsidiary of the Korea National Oil Corporation (KNOC) is pleased to announce that drilling has commenced on the Clapton prospect in the Norwegian North Sea.

Dana Petroleum Norway AS is a 20% partner in exploration well 2/8-18 S, which is located in PL440 S in block 2/8, approximately 5 km east of the Eldfisk East Field and 10 km north of the Valhall Field. 

Clapton is a chalk prospect on the flanks of the salt induced Mode Dome and the well will target the Ekofisk, Tor and Hod formations, which are the main producing reservoirs in the neighbouring fields.

The well will be drilled using the Maersk Guardian jack‐up rig and the partnership consists of Faroe Oil and Gas AS (40% and operator), Dana Petroleum Norway AS (20%), Lundin Norway AS (18%), Norwegian Energy Company ASA (12%) and Det Norske Oljeselskap ASA (10%).

Managing Director of Dana Petroleum Norway AS, John M Dahlen said: “We are delighted that drilling has started on the Clapton prospect. Our strategy is to prove up reserves and increase production through further investment in our drilling programme, and this is the second of four exploration wells we’re drilling in Norway in 2012.  A discovery on Clapton could contribute contribute to Dana’s objective of doubling the size of the company from 60,000 barrels a day to 100,000 barrels a day by 2016.

“We have also submitted nominations for the 22nd licensing round where we have identified several prospective areas, particularly in the Barents Sea. We’re hopeful of securing new acreage that will allow us to further strengthen our presence in the region.”