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February 10, 2015

Dana completes drilling programme in Danish North Sea licence

Dana Petroleum has discovered an oil pay zone at its Lille John-2 appraisal well and side-track at the Lille John oil field in the Danish North Sea.

Dana

Dana Petroleum has discovered an oil pay zone at its Lille John-2 appraisal well and side-track at the Lille John oil field in the Danish North Sea.

The LJ-2 appraisal well and side-track, located in licence 12/06, identified sweet, light oil in the Late Miocene sandstone reservoir.

Dana said the thickness and quality of the sandstone reservoir discovered in LJ-2 was found to be improved relative to the LJ-1 discovery well drilled in 2011.

The entire reservoir package was cored, a log suite gathered and a drill stem test was undertaken over the total interval.

"The results of the appraisal well and side-track are very encouraging demonstrating a healthy oil flow-rate."

A maximum flow rate of 1,400bbls / day was encountered in the production test with no sand production.

Dana will now undertake detailed evaluation of the acquired data to confirm the exact thickness of the oil pay in order to identify the recoverable volumes in the Lille John accumulation and commerciality.

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The licence 12/06 also features the Broder Tuck gas/condensate discovery. Dana operates and has a 40% interest in the licence.

Dana Petroleum exploration director Richard Fox said: "The results of the appraisal well and side-track are very encouraging demonstrating a healthy oil flow-rate.

"The 12/06 licence is a great strategic fit for Dana giving us access to resources close to our existing licences operated from our Netherlands office, as we look to grow and develop our European operations."

Dana Petroleum, a subsidiary of the Korea National Oil Corporation, produces an average of about 50,000 barrels of oil a day.


Image: Schematic showing location of Dana’s Dutch and Danish assets and licences. Photo: courtesy of Dana Petroleum.

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