Dana Petroleum discovers additional gas reserves in North Sea

Wed. May 20, 2009; Posted: 05:01 AM

May 20, 2009 (Datamonitor via COMTEX) -- DNPXF | Quote | Chart | News | PowerRating -- Dana Petroleum has announced the successful appraisal of the Fulla gas condensate field through the drilling of a second Fulla well 30/11-7A. The well encountered gas in reservoir rocks belonging to the upper part of the Brent group in the North Sea.

In February 2009, the first Fulla well made a discovery in the lower part of the Brent group in Well 30/11-7, located in the same prospect, close to the abandoned Lille Frigg field.

The second Fulla well, which is a side-track of the initial discovery well, 30/11-7, is located just 10km north east of the Frigg Field in the North Sea. As planned, the discovery was not tested, but extensive data collection and sampling has been carried out. Proven volumes for the two wells are currently estimated at between 60 and 105 million barrels of oil equivalent.

The well was drilled in 111m of water, to a vertical depth of 4,118m below the sea surface in the Etive formation of the Brent group, using the Transocean Leader semi-submersible rig. The Fulla discovery is thought likely to be commercial and a development by tie-back to nearby infrastructure is being considered.

Tom Cross, CEO of Dana Petroleum, said: "We are delighted that the joint venture group has been able to return so quickly to Fulla and discover significant additional hydrocarbons in the field through accelerated drilling. Given Fulla's close proximity to existing infrastructure, we look forward to the early consideration of development options."

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