Dana takes Gulf of Suez interest

Offshore staff

ABERDEEN, UK –Dana Petroleum has agreed to acquire from Santos a 40% interest in the South East July Production Sharing Contract in the Gulf of Suez offshore Egypt.

Dana says it plans to use the Transocean jackupInterOcean-III in the tract.

"Dana is currently drilling two wells offshore Egypt, at West El Burullus in the Nile Delta and at West Gihan in the Gulf of Suez, and results from these are expected in the coming weeks," adds Tom Cross, Dana CEO.

05/20/2008