By OGJ editors
HOUSTON, July 11 -- Dana Petroleum (E&P) Ltd. reported approval from the UK and Norwegian governments for development of Enoch oil field on UK North Sea Block 16/13a and Norwegian Block 15/5.
Enoch field, discovered in 1985 and later appraised by four wells, contains oil and gas in Eocene Flugga sandstone.
Development, costing £75 million, will involve a subsea well tied back to Marathon Oil Corp.'s Brae A platform 15 km away. Oil will move from Brae A through the Forties pipeline system, while gas will be sold offshore. Production is planned to start by yearend 2006 at a rate of more than 12,000 b/d of oil.
After Enoch field is unitized across the UK and Norway median line, Dana will hold an 8.8% interest. Paladin Expro Ltd. will operate the field with a 24% interest.
Other partners are Bow Valley Petroleum 12%, Dyas UK Ltd. 14%, Roc Oil (GB) Ltd. 12%, Statoil ASA 11.78%, Petro-Canada UK Ltd. 8%, Total E&P Norge AS 4.36%, DNO AS 2%, DONG Norge AS 1.86%, and Lundin North Sea Ltd. 1.2%.
