Dana and BP agree on oil fields stake

DANA Petroleum has agreed terms with BP Exploration to take a stake in certain oil fields in the North Sea.

Chief executive Tom Cross said: “Dana expects to drill six North Sea exploration and appraisal wells in 2005, the second of which, the Barbara appraisal well, has now commenced.

With five other rigs already active on oil and gas development projects, Dana now has a total of six rigs in operation in the North Sea.”