The planned total depth of the well is approximately 4,600m and it is being drilled in a water depth of 1,632m.
The company has already drilled the 26 inch hole section down to approximately 2,226m and the current operation is preparing to run 20 inch casing, before drilling ahead.
The well is expected to encounter three discrete zones of interest between approximately 2,890m and 4,600m.
Cormoran is the largest prospect in Dana’s 2010 exploration program and, based on 3D seismic mapping, has a target reserves range of between 400 million barrels and 780 million barrels of oil equivalent.
Dana holds a 36% working interest in the Block 7 Production Sharing Contract area.
