First production from Medway is expected in the fourth quarter of 2011, and the project is initially expected to add an average of 4,100 barrels of oil equivalent per day net to Dana in 2012, with production rising further in 2013 and field life continuing through to 2020.
The development of Medway will also benefit the company by extending the producing life of the De Ruyter oil and gas fields complex, where it holds a 54% interest.
Medway is now one of three significant oil and gas developments in Dana’s core North Sea area offering near-term production upside, the others being the Western Isles oil fields and the Arran gas fields, both in the UK sector.
Dana is driving forward the Medway development as operator and holds a 50% interest in the project, with the remaining interest held by its partner EBN.
The Medway project will develop and bring on-stream two discoveries, made during 2007 and 2008, in the greater De Ruyter Area which Dana already operates.
The Van Nes gas discovery is situated approximately 8km north of the De Ruyter platform and the Van Ghent oil and gas discovery lies approximately 4.5km east of the De Ruyter platform.
Field reserves from the combined Medway development (Van Nes and Van Ghent) are 11.8 million barrels of oil equivalent in the base case development, with additional reserves upside already identified.
