Dana in North Sea farm-down to Hansa

Dana Petroleum has farmed out a slice of two licences in the United Kingdom’s southern North Sea to London-based Hansa Hydrocarbons, www.upstreamonline.com reported on Wednesday.

Dana, controlled by Korea National Oil Corporation, is letting 15 per cent of its erstwhile 50 per cent stake in production licences P1566 and P1742 go to Hansa.

P1566 comprises blocks 47/4d and 47/5d and is set for a first exploration well targeting the Pharos prospect later this year.

The well, 47/5d-F, will be drilled with the jack-up Noble Lynda Bossler in water depths of 38 metres.

The Pharos prospect is 50 kilometres north-east of the Easington gas processing terminal in Humberside and due west of the Hyde field.

Following the farm-down, Dana will be left with 35 per cent  in both licences. In P1566 the pair is joined by Parkmead on 20 per cent  and MPX North Sea and Dyas Exploration on 15 per cent each. In P1742 Dyas holds 30 per cent with Parkmead on 20 per cent.

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