Dana Petroleum sees 2008 production up 30%
Dana Petroleum expects production for 2008 to average between 40,000 and 45,000 barrels of oil equivalent per day, representing more than a 30% growth over 2007.
The oil & gas explorer said up to 17 exploration wells are scheduled in 2008 with rigs for 14 of these already secured.
The group added that it has planned a 2008 capital investment programme of around £200m across existing fields and licences.
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"Dana has started 2008 very strongly by delivering exploration success, sanctioning new field developments and achieving significant production growth," said chief executive Tom Cross.
"We look forward to Dana's continued progress throughout the rest of the year from further exploration drilling, new licence applications in the UK, Norway and Egypt, an active work programme on existing fields and emerging commercial opportunities," he added.
