Dana takes reins of Danish North Sea license

Offshore staff

STOCKHOLM, Sweden – PA Resources (PAR) has completed divestment of a 40% operating interest in Danish North Sea license 12/06 to Dana Petroleum.

Dana will become operator on June 1, with PAR retaining a 24% stake. The partners plan an appraisal well during the fall on the Lille John oil discovery.

PAR’s partial divestment to Dana of an interest in German North Sea license B20008/73 is proceeding through the regulatory approval process.

05/15/2014

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