Mauritanian well evaluated following completion of drilling

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The Fregate-1 exploration well being drilled in Block 7, offshore Mauritania, is being plugged and abandoned at a depth of 5,426m MD BRT.

The well discovered gas-condensate and oil pay in multiple thin, but good quality sands within the Lower Cormoran (Santonian) and in the first primary target Petronia (Santonian to Coniacian) intervals. However, the deeper primary target (Fregate Main) contained only a minor hydrocarbon column. The results are being evaluated. Fregate-1 has confirmed the potential of the Late Cretaceous turbidite reservoirs which were proven to contain light oil in Block 7 by the Aigrette-1 well (Dana, 2006) and gas and gas-condensate by Pelican-1 (Dana, 2003) and Cormoran-1 (Dana, 2010) and extended the Block 7 oil province into the south of the block.

Licence interests in Block 7 are Dana Petroleum (E&P) Limited (43.00%, Operator), Tullow Petroleum (Mauritania) Pty Ltd (36.15%), GDF Suez Exploration Mauritania BV (12.85%) and PC Mauritania I Pty Ltd (8.00%).

ENDS

 

About Dana Petroleum plc
Dana Petroleum plc, a wholly owned subsidiary of the Korea National Oil Corporation (KNOC), is an international oil and gas business with operations in the UK, Egypt, Norway, the Netherlands and Africa, producing 50,000 barrels of oil a day. Dana’s ambition is to become a leading international oil and gas company operating in Europe, Africa and the Middle East and aims to grow production significantly by investing around $1 billion a year to increase the size of the company and create value for our shareholder.

For further information contact:

Andrew McCallum
Director of Corporate Affairs and Business Support
+ 44 (0)1224 616100 

Gordon Welsh
Group Corporate Communications Manager
+ 44 (0)1224 616100

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