Dana Petroleum is pleased to announce that its wholly owned subsidiary, Dana Petroleum Norway AS, has been awarded interests in nine offshore blocks under six new Production Licences (PL) by the Norwegian Ministry of Petroleum and Energy. These awards have been made through the 2009 Norwegian APA Licensing Round, on the Norwegian Continental Shelf.
Chief Executive, Tom Cross commented:
“Dana is delighted with the award of these new licences. Some 10 new exploration prospects have already been identified within these blocks with total unrisked reserves potential of more than 200 million barrels of oil equivalent net to Dana. This provides a significant portfolio of new opportunities, building upon Dana’s existing business in Norway.”
29 January, 2010
For further information please contact:
|Tom Cross, Chief Executive||Dana Petroleum plc||01224 652400|
|David MacFarlane, Finance Director|
|Stuart Paton, Technical & Commercial Director|
|Nick Elwes||College Hill Associates||020 7457 2020|
NOTES TO EDITORS:
Dana Petroleum plc is a leading independent oil and gas, exploration and production company listed on the London Stock Exchange (symbol: DNX), and is a constituent of the FTSE 250 Index.
The Group currently produces from 36 oil and gas fields across four countries and holds more than 80 interests in exploration and production licences spanning eight countries. Dana’s activities are focused within its two core areas of Europe (North Sea) and Africa (North & West).
In Africa, Dana has production, development and exploration interests across Egypt, oil and gas discoveries offshore Mauritania and Morocco, and additional exploration opportunities offshore Senegal.
In Europe, Dana’s producing interests are focused on oil and gas in the UK North Sea, oil offshore Norway and gas offshore The Netherlands. Dana also has significant development and exploration opportunities across the North Sea.