Partners to appraise Little John offshore Denmark

PA Resources expects to close its North Sea farm-out transactions to Dana Petroleum this spring.

Mar 13th, 2014

Offshore staff

STOCKHOLM, Sweden – PA Resources expects to close its North Sea farm-out transactions to Dana Petroleum this spring. These relate to Danish license 12/06 and German license B20008/73.

The company plans an appraisal well later this year on the Little John discovery offshore Denmark, having secured a rig.

It adds that select stage development studies are expected to be completed around mid-year for the DanishBroder Tuck field. Forward options include more appraisal drilling or progressing straight to development sanction.

Offshore Equatorial Guinea, where the company is in partnership with Noble Energy, a development plan should be submitted this year for the 30 MMbbl-plusDiega field.

TheCarla South field, currently considered sub-commercial, will be re-evaluated following new 3D seismic acquisition planned later this year.

03/13/2014

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