Dana Petroleum partners with RWE to drill new exploration well in Southern North Sea
Aberdeen-based Dana Petroleum is partnering with RWE to start drilling operations on a prospect in the Southern North Sea.
The companies are targeting the Severn prospect in blocks 43/17a, 43/18a which comprises Carboniferous sandstones. RWE is the operator for the drilling operations which will start in a few days time.
The well is the third the company has drilled in the UKCS this year and is planned to reach total depth in seven weeks. Both Dana and RWE, the operator, have 50 per cent stakes in the project.
Dana’s UK Managing Director Paul Griffin said: “Severn is a long-planned part of our 2013 drilling programme in the North Sea and further underlines our long-term commitment to the UKCS.”
Dana has also completed the drilling of the Magnolia (Licence P.1610, Block 13/23a) exploration prospect. The exploration well achieved its primary targets within the Lower Cretaceous interval, however no significant hydrocarbons were encountered. The well will now be plugged and abandoned. Dana’s partners were Summit Petroleum Ltd (25%), Trap Oil (10%) and Atlantic Petroleum (20%).
The company used the Ocean Nomad drilling rig which it also plans to use for development drilling on the company’s $1.6bn Western Isles project later in 2013.
NOTES TO EDITORS
About Dana Petroleum plc
Dana Petroleum plc is a $4 billion oil and gas business with operations in the UK, Egypt, Norway, The Netherlands and Africa, producing 60,000 barrels of oil a day. Acquired by the Korea National Oil Corporation in 2010, our ambition is to grow to become a leading international oil and gas company operating in Europe, Africa and the Middle East. We will invest up to $5 billion over the next five years to more than double the size of the company and create value for our shareholder.
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