Dana Petroleum Ltd. has brought its Western Isles development on stream in the UK North Sea after project partners invested about $2 billion on the project involving Harris and Barra oil fields in 540 ft of water nearly 100 miles east of the Shetlands.
The two fields hold combined estimated oil reserves of more than 45 million bbl. Production and water-injection wells are tied back to a floating production, storage, and offloading vessel. The newbuild cylindrical FPSO has the capacity to produce 44,000 b/d of oil and store 400,000 bbl.
Dana Petroleum operates Western Isles and holds 77% interest. Cieco has 23% interest. The Western Isles development is expected to produce as much as 44,000 boe/d when fully on production.
Dana Petroleum, a Korea National Oil Corp. subsidiary, produces an average of 50,000 b/d. In addition to its UK operations, Dana Petroleum also has interest in projects in Egypt and the Netherlands.
