Dana clinches PCN acquisition

Dana Petroleum’s shareholders have approved the company’s offer for Petro-Canada Netherlands.

Offshore staff

ABERDEEN, UK -- Dana Petroleum’s shareholders have approved the company’s offer for Petro-Canada Netherlands.

The acquisition, which should be completed later this week, will lift Dana’s production capacity to around 50,000 b/d and its proved plus probable reserves to 254 MMboe.

On Jan. 1, 2010, Petro-Canada Netherlands had net total 2P reserves, and proved, probable, and possible reserves of 51 MMboe.

08/11/2010

More in Company News