Tolmount Project (Dana 50%, Premier 50%)
Dana is a 50% partner along with operator Premier Oil in the Tolmount Southern North Sea gas project. The project was given the go-ahead in August 2018 by the joint venture and infrastructure partners.
The field is expected to produce around 90 million boe gross over its lifetime, with Dana’s net share being around 28,000 boe a day at peak production. First gas is expected in late 2020.
Dana and CATS Management have formed a 50:50 infrastructure joint venture which will finance the platform and pipeline (known as the Humber Gathering System) and the modifications to Centrica’s Easington terminal to which gas will be exported. The JV will be paid a tariff for transportation of the Tolmount gas.