Tornado Hits Oil and Gas West of Shetland

Dana Petroleum reported that the OMV-led consortium has made a discovery at the Tornado prospect, offshore West of Shetland, UK.
OMV as operator for the license has completed the drilling of the Tornado exploration well 204/13-1 located approximately 10km northwest of the Suilven discovery and 30km northwest of the Schiehallion, Foinaven and Loyal producing fields.

The well discovered gas and oil in Tertiary reservoir sandstones and extensive data collection is currently underway. The thickness and quality of the reservoir is in line with pre-drill prognosis. A sidetrack is being planned to delineate the discovery and determine hydrocarbon fluid types and overall size of this new field.

The Tornado well was drilled to a true vertical depth of 2743m in the Lamba Formation. The water depth at this location is 1048 meters and the well was drilled by the Stena Carron drillship as a cost sharing endeavour between production licenses P.1190 and P.1262.

The participants in the Tornado well are OMV (Operator) 35%, Dana Petroleum 30%, Dong Energy 20%, Faroe Petroleum 7.5%, and Idemitsu E&P 7.5%.

Operations have been completed on the September exploration prospect in the Gulf of Suez Egypt. The main Nubia target contained good quality sands however these were not hydrocarbon bearing at this location.

Dana spudded the Jetta well in the Jotun oil area of the Norwegian North Sea on October 11, 2009. Results are expected from this well in November.

Dana's Chief Executive, Tom Cross commented, "The discovery of hydrocarbons at Tornado is an important result as it lies in an area of the UK Continental Shelf where Dana and Faroe Petroleum have very strong positions as the key independents. We look forward to the sidetrack well to determine the ultimate size of this new field."

Graham Stewart, Chief Executive of Faroe Petroleum commented, "We are very pleased to announce the successful outcome of this exploration well. Tornado is Faroe's second Atlantic Margin exploration success, following within a month of the Glenlivet discovery, and we look forward to providing a further update on the results of the Tornado well analysis in the near future."


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