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Overview Netherlands

Overview - Netherlands

Reidar%20Hustoft

Reidar Hustoft – Managing Director

2010 saw one of Dana’s most significant strategical moves to date, the acquisition of Petro Canada Netherlands B.V., bringing an average yearly production (2010) of c.10,700 boepd to the table, bolstering the organisation's Central North Sea field portfolio, providing operating capabilities in the Netherlands and welcoming an experienced management and technical team with considerable expertise on board.

Dana Petroleum Netherlands (Dana NL) has been active in the Dutch sector of the North Sea since 1964 and operates nine offshore production and exploration licenses including the operated De Ruyter and Hanze producing oil fields.

In addition, Dana NL has interests in seventeen non-operated production and exploration licenses.

The Company has a proven track record in operations and project development, driven by a well established management system and strong HSE culture. The current business provides a balanced portfolio of exploration, production and development projects.

The Medway development project, which comprises the subsea tie-back of two fields to the De Ruyter platform, offers near-term production growth through integrated oil and gas development, and an active drilling campaign will provide further operated exploration and development opportunities.