Dana Receives Development Approval for the Enoch Oil Field

Dana has received approval from both the UK and Norwegian Governments for the development of the Enoch oil field, which straddles the UK / Norway median line. The field lies across UK North Sea Block 16/13a and Norwegian Block 15/5.

The Enoch Field was discovered in 1985 and was later appraised by four more wells, two of which were drilled in the Norwegian sector. The field contains oil and gas within sands of the Eocene age Flugga Sandstone. Enoch will be developed at an anticipated cost of approximately £75 million by a sub-sea production well tied back to the Marathon operated Brae A Platform, which is located some 15km to the North-West of Enoch. Oil will be exported from Brae A through the Forties Pipeline System, while gas will be sold offshore at Brae A. Production is planned to start before the end of 2006 at a rate of over 12,000 barrels per day.

Following unitisation of the Enoch Field across the median line, the participants in the development are Dana Petroleum (E&P) Limited (8.80%), Paladin Expro Limited (24.00% and Operator), Bow Valley Petroleum (12.00%), Dyas UK Limited (14.00%), Petro-Canada UK Limited (8.00%), Roc Oil (GB) Limited (12.00%), Lundin North Sea Limited (1.20%), Statoil ASA (11.78%), Total E&P Norge AS (4.36%), DNO AS (2.00%) and DONG Norge AS (1.86%).

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