PA Resources (PAR) has completed divestment of a 40% operating interest in Danish North Sea license 12/06 to Dana Petroleum.
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 theLille John oil discovery.
PAR’s partial divestment to Dana of an interest in GermanNorth Sea license B20008/73 is proceeding through the regulatory approval process.
