Dana Announces Discovery of Oil in UK North Sea
Posted on: Friday, 21 December 2007, 12:00 CST
UK-based exploration and production firm Dana Petroleum has announced the discovery of oil at the Kerloch structure in the UK North Sea.
This is the first well in the firm's well exploration and appraisal drilling campaign, which is scheduled to include 20 further wells in 2008.
Dana said that its Kerloch well was drilled to a total depth of 12,282 feet and encountered a full Brent reservoir sequence, as predicted prior to drilling.
The company said that the well will be suspended to allow potential re-entry and future use. Dana holds a 50% stake in the Kerloch oil discovery and throughout the block, which already contains an earlier oil discovery.
Tom Cross, Dana's CEO said: "We have now begun the most exciting program of drilling in Dana's history. The Kerloch well results are very encouraging, following on just a few weeks after discovering oil with our first well in Norway."
Source: Datamonitor
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