Scottish Secretary of State drops in on Dana

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Today, Dana Petroleum welcomed the Secretary of State for Scotland, Rt. Hon. Michael Moore MP, to its Aberdeen headquarters.

Mr Moore met with Group Chief Executive Dr Marcus Richards to discuss Dana’s plans to invest $5 billion to more than double in size by 2016.  

Mr Richards said, “This is an exciting time for Dana in the North Sea and internationally.  We have employed 50 people since the start of 2012 and our $1.5 billion Western Isles development project will create 200 additional jobs.

“As an industry, it is vital we create and fund the right educational framework to inspire the next generation of oil and gas professionals.  By introducing the right policy and fiscal measures and working in partnership with industry, the Government can ensure the North Sea continues to prosper for decades to come.”

Mr Moore also met with Dana employees from a range of technical and commercial roles, many who have joined in the last eight months.  They discussed how the North Sea is changing, what attracted them to a career with Dana and what can be done to attract young people to the oil and gas industry.  

Mr Moore said, “The oil and gas industry is essential to the UK economy, from the investment it brings to Scotland to the thousands of jobs it supports both directly and through the supply chain. 

“Dana's success is down to its clear ambition, strong business portfolio and an innovative approach to business. It was very useful to meet people from across the company and hear their views on how we can work together to support a productive North Sea sector, and sustain the many benefits it brings to the UK.

“The UK Government has been working hard with the industry to ensure the UK remains an attractive place to invest. An important part of that is a fiscal environment which allows the sector to flourish and the recent steps we have taken show how committed we are to supporting the sector.”




About Dana Petroleum plc

Dana Petroleum plc is a $4 billion oil and gas business with operations in the UK, Egypt, Norway, The Netherlands and Africa, producing 60,000 barrels of oil a day. Acquired by the Korea National Oil Corporation in 2010, our ambition is to grow to become a leading international oil and gas company operating in Europe, Africa and the Middle East. We will invest more than $5 billion over the next five years to more than double the size of the company and create value for our shareholder.


For further information contact:

Andrew McCallum
Director of Group Communications and External Affairs
01224 616100

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