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Dana Petroleum awarded new North Sea acreage


Published Oct 30, 2012
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Dana petroleum plc provides exploration drilling update-Spotlight

Dana Petroleum has secured a further 22 blocks and partial blocks over seven areas in the North Sea in the UKCS 27th licencing round.

Of the awarded blocks, Dana is operator of block 13/23d (Dana 100%) in the Inner Moray Firth (IMF) which is located immediately west of the Blake Field. This block was won with a firm well bid which is currently on Dana's drilling schedule for 2014.

Paul Griffin, Dana's UK Managing Director, said 'We're delighted with the results of the record breaking 27th round. Overall, this is a really positive result which supports our strategy to continue to invest in the North Sea by expanding our exploration portfolio. The newly awarded blocks will provide our UK business with new opportunities to add reserves as we aim to meet our growth target of 100,000 boepd by 2016.

Tags: Dana Petroleum




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