Dana had been a non-operated partner in the Bittern field since 2010, holding a 4.73% stake in the field until the acquisition of Hess’ 28.3% share in February this year. As one of the majority stakeholders in Bittern, Dana noted interest in taking over operatorship of the Triton FPSO and officially became operator on Monday 1 October 2012.
The Triton FPSO is located in block 21/30 approximately 120 miles east of Aberdeen, and produces oil and gas from the Bittern, Clapham, Pict, Saxon, Guillemot West and North West fields.
Triton is our first major operated asset in the UK, it consolidates our strong position in the Central North Sea and is a core part of our strategy to acquire more operated positions where there is a strong commercial and operational rationale to do so.
The synergies realised from Dana’s operatorship of both the Greater Guillemot Area subsea facilities and the Triton FPSO will help maximise value from our interests in the area.
Joint venture partners in the Triton FPSO area are: Dana (52%), Tailwind (46%) and Endeavour (2%).
An overview of Triton FPSO