Dana Petroleum has started production from an infill well in Hanze oil field in the Dutch North Sea, at a rate of 3,500 barrels per day.
Of the total production from the well, 1,600 barrels a day will go to Dana, which nearly doubles the existing Hanze field production.
The well, which was drilled using the jack-up Noble Lynda Bossler, is anticipated to deliver additional reserves and be a good producer in the next few years.
The well is part of a series of five infrastructure-led wells being drilled by Dana’s Netherlands business.
Earlier in 2013, Dana also drilled the P11-08 exploration well, in the production licence P10a from its De Ruyter platform.
Dana, which is a subsidiary of the Korea National Oil, is currently evaluating results from the well.
Dana Petroleum Netherlands managing director Nick Dancer said the company’s five well drilling campaign is seeking to exploit the better potential in infrastructure-led exploration around its platforms in the southern North Sea.
"We have strong exploration and production expertise in our Dutch team and we were able to bring the new Hanze production online quickly after discovery," Dancer added.
Dana Petroleum operates in the UK, Egypt, Norway, the Netherlands and Africa, producing 60,000 barrels of oil per day.
The company intends to increase the production capacity by investing up to $5bn in the next five years.
Image: The control room on the Hanze platform. Photo courtesy of Dana Petroleum.