Dana Expects to Grow 2008 Production by 30%
Dana Petroleum has provided a production update for its UK and Egyptian assets for the period to November 19, 2008.
Group production for 2008 is expected to average approximately 39,000 to 40,000 barrels per day oil equivalent, representing a 30% growth over 2007, (2007: 30,514 boepd).
Recent production in the UK has been lower than previously anticipated due to a combination of factors. Alongside extended platform shutdowns for UK field maintenance programmes there has been some downtime associated with scale build up in the Mallard well in the Greater Kittiwake Area, compressor problems on Claymore, and facilities work on the host platforms which process production from the Johnston and Hudson fields.
Continued strong production from Egypt to some extent offset the downtime in the UK. This followed the successful workover and new well activity at the Dana operated East Zeit Field, completed in August, and continued good performance of the non-operated Egyptian assets. To date in 2008 in Egypt, the Company has completed 30 workovers and drilled 8 development wells, with a further 2 to 3 wells planned by the end of the year.
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