Aberdeen-based Dana Petroleum has spudded a new exploration well in the Southern North Sea from its De Ruyter platform.
Dana is drilling the P11-08 exploration well using the jack-up Noble Lynda Bossler, in the production licence P10a and will test the Triassic Volpriehausen substrata for the presence of oil beneath a gas cap. The prospect is located immediately west and above the producing Volpriehausen and Hewett/Fringe compartments of the De Ruyter Field. If successful, Dana will drill a side track horizontal well to enable production to start immediately.
Dana’s Netherlands Managing Director Nick Dancer said: “This is the first in a five well campaign, as we seek to exploit the great potential in infrastructure-led exploration around our platforms in the southern North Sea. We have strong exploration expertise in our Dutch team and are confident we will be able to bring oil online quickly should we be successful.
NOTES TO EDITORS
About Dana Petroleum plc
Dana Petroleum plc, a wholly owned subsidiary of the Korea National Oil Corporation (KNOC), is an international oil and gas business with operations in the UK, Egypt, Norway, the Netherlands and Africa, producing 60,000 barrels of oil a day. Dana’s ambition is to become a leading international oil and gas company operating in Europe, Africa and the Middle East and aims to grow production significantly by investing up to $5 billion over the next five years to increase the size of the company and create value for our shareholder.
About Dana Petroleum plc in the Netherlands
Our business in the Netherlands consists of a balanced portfolio of exploration, production and development projects. In 2010 our acquisition of Petro-Canada Netherlands B.V. bolstered our Central North Sea portfolio, giving us operating capability in the Netherlands and bringing an experienced management and technical team on board.
We operate seven offshore production and exploration licenses including the De Ruyter, Hanze, Van Ghent and Van Nes fields. The licence holders in exploration well P11-08 are Dana (60%) and EBN (40%). In addition, we have interests in 17 non-operated production and exploration licenses, both offshore and onshore. Our average annual production in 2012 was 11,700 barrels of oil equivalent per day.
For further information contact:
Director of Group Communications and External Affairs
+ 44 (0)1224 616100
Group Corporate Communications Manager
+ 44 (0)1224 616100
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