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Fulla success confirmed
 British-based Dana Petroleum has emphasised the success of recent drilling offshore Norway with the Fulla discovery which it has confirmed as a commercial discovery where development options are already being considered.
Described as a “substantial gas-condensate field,” Dana added that the find in the Norwegian North Sea is being followed up with a second appraisal well which is being drilled as a sidetrack to the original Fulla discovery.
“Proven volumes are currently estimated at between 60 and 105 million barrels of oil equivalent,” Dana declared today, in a statement issued to coincide with the company's annual meeting, which reviews its operations over the last year.
“The Fulla field is likely to be commercial and development options are now being considered,” Dana stated.
Also the company confirmed that the Det Norske operated Eitri well drilled offshore Norway made a minor discovery which gives encouragement for further drilling in the same region, near the Jotun field, where Dana is a partner.
“As a result the next target identified will be drilled by the Jetta well, which has been accelerated from 2010 into the second half of 2009,” Dana has indicated, adding: “The results from this well will allow a more complete assessment of the resource potential in this core area for Dana in Norway.”Advertisement
 Siem WIS, a company 60% owned by Oslo-listed Siem Offshore, has landed a co-operation contract with StatoilHydro in connection with the development of its Riser Pressure Control Device (RPCD) technology for an unspecified amount. [Les mer ] • Contracts
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 Sevan Marine has revealed that US financial institution Luxor Capital says it now controls 28% of the Norwegian oilfield services group, after having exercised its right to buy 24 million convertible bonds. [Les mer ] • Financial
 Olso-listed PetroMena has announced it is aware that Singapore-based Sembcorp Marine has accepted the bid for the disputed newbuild PetroRig I drilling unit from New York Stock Exchange-listed Diamond Offshore Drilling. [Les mer ] • Company news
 Shtokman Development AG has spelled out the details of two other offshore tenders related to the giant Barents Sea project which involve the field's flowlines and service lines and risers. [Les mer ] • Contracts
 Russian suppliers jockeying for position to win work from the Shtokman project have been told by the head of the development company behind the project that they can expect to be involved long term for up to 70 years. [Les mer ] • Field development
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Shell to pay out over Nigeria caseOil giant Royal Dutch Shell PLC is to pay out £9.7m ($15.5m) to settle a lawsuit over its alleged complicity in the 1995 execution of several Nigerian environmental activists, the UK Press Association and British media reported.
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