OilVoice - Monkwell Field Appraisal Opportunity from Dana Petroleum: Block 42/29a (P.001)

Monkwell Field Appraisal Opportunity from Dana Petroleum: Block 42/29a (P.001)

Thursday, December 17, 2009

Dana offer an equity share in the Monkwell Field sub-area of block 42/29a, in the Southern North Sea, in exchange for a negotiable carry of its share of well costs to appraise the north-western upside of the Monkwell field.

A new PreSDM 3D dataset has been generated over the block to aid in trap definition.

Monkwell is a Lower Leman Sandstone gas field with mean reserves of 58bcf (1 well development), with upside of 120bcf (3 well development).

An appraisal well will be drilled in Q2, 2010 and be suspended as a producer if successful (£11.0MM dry hole cost).

Host modification concept studies for BP's Cleeton platform are complete and a tariff for gas handling agreed.