Dana Petroleum plc is pleased to report that the Dana operated Cormoran-1 exploration well has begun drilling offshore Mauritania, West Africa, just 2 kilometres southeast of Dana’s existing Pelican-1 discovery.
The conductor has been run and Dana has already drilled the 26 inch hole section down to approximately 2,226 metres. The current operation is preparing to run 20 inch casing, before drilling ahead.
Cormoran-1 is being drilled by the Maersk Deliverer drilling rig and is located in Block 7 offshore Mauritania. The planned total depth of the Cormoran well is approximately 4,600 metres and the well is being drilled in a water depth of 1,632 metres.
Cormoran is the largest prospect in Dana’s 2010 exploration programme and, based on 3D seismic mapping, has a target reserves range of between 400 million barrels and 780 million barrels of oil equivalent.
Dana holds the largest working interest in this Block 7 Production Sharing Contract area with 36%. The well is expected to encounter three discrete zones of interest between approximately 2,890 metres and 4,600 metres.
The participating interests in Block 7 are:-
Dana Petroleum (E&P) Limited (Operator).36.00%
GDF SUEZ Exploration Mauritania B.V. 27.85%
Tullow Petroleum (Mauritania) Pty Ltd 16.20%
PC Mauritania I Pty Ltd 15.00%
Roc Oil (Mauritania) Company 4.95%.
|Tom Cross, Chief Executive||Dana Petroleum plc||01224 652400|
|Stuart Paton, Technical & Commercial Director||Dana Petroleum plc||01224 652400|
|Patrick Handley||Brunswick Group LLP||020 7404 5959|
|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 55 oil and gas fields across four countries (UK, Netherlands, Norway & Egypt) and holds more than 100 interests in exploration and production licences spanning nine 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 and Guinea.
In Europe, Dana’s producing interests are focused on oil and gas in the UK North Sea and Dutch North Sea and oil offshore in Norway. Dana also has significant development and exploration opportunities across the North Sea, including development of the Arran gas fields (formerly known as Barbara/Phyllis), the Western Isles oil fields and the Medway project oil and gas fields.