Dana’s new wells offer strong flows
LONDON: Dana Petroleum's two latest North Sea exploration wells have delivered strong oil and gas flows, the Aberdeen, Scotland-based oil explorer said.

In the UK Northern North Sea, the company said the western fault block of its East Causeway well 211/23d-17z tested at a stabilised combined flow rate of 14,500 barrels of oil per day.
In the Dutch North Sea, the company said a reservoir at its E18-6 well had flowed at a rate of 45 million standard cubic feet of gas per day.
"We are highly encouraged by the test results from the East Causeway and E18-6 wells and look forward to accelerating our technical work on these areas to deliver potential new field developments," said Dana chief executive Tom Cross in a statement.
"North Sea exploration is a key part of Dana's strategy and these value-adding oil and gas discoveries in our core area provide further growth opportunities as we seek to build upon Dana's current portfolio of 12 producing fields."

Faroe assets move
LONDON: Faroe Petroleum said it had agreed, subject to approval by the UK and Dutch regulatory authorities, to the acquisition from ConocoPhillips of its equity stake (5.89 per cent) in a package of pre-development assets in the Southern North Sea.
The acquisition is in line with the company’s stated group portfolio strategy of enhancing diversity and reducing overall risk profile.
The package consists of three undeveloped gas field discoveries: Minke Main field, which is scheduled for near term development, together with the nearby Minke Graben and Orca gas fields upon which development decisions are anticipated in 2007.
The assets are situated in UK Blocks 44/24a,29b and 30 (Faroe’s interest 5.89 per cent), approximately 25 km east of the producing Caister-Murdoch gas fields and 13 km south west of the D15 platform in the Dutch sector.
In addition, there is the potential for the undeveloped fields to extend over the UK border into Dutch waters with the possibility of additional reserves within Dutch Block D15b (Faroe 5 per cent).