Dana Petroleum has replaced all nine mooring chains on its oil production vessel Triton – under budget and ahead of schedule.

The project was commissioned to maintain the safety of Dana’s offshore teams and the integrity of the floating, production, storage and offloading vessel (FPSO). The replacement will support Triton's safe operation well into the 2020s and potentially for the remainder of her lifetime.

Nine chains each weighing 150 tonnes were replaced in just 24 days by a team of people from Dana, InterMoor, Subsea 7, Wood Group PSN and Optimus. The work was completed less than a year after project approval.

Triton also successfully extracted her 200 millionth barrel from the North Sea last week.

The chains were manufactured by Vicinay in Bilbao, Spain before being transported to the North Sea. Three specialist vessels were involved in the work which replaced all nine chains on a like for like basis.

Paul Griffin, UK Managing Director, said: "The project was delivered safely, under budget and ahead of schedule in a compressed timescale. This positive news highlights Dana's leadership capability in the complex execution and organisation of the project while collaborating with key suppliers."

Joint venture partners in the Triton FPSO are Dana (51.966%), Shell UK (26.42%), Esso Exploration and Production UK Limited (20%) and Endeavour (1.614%).

About Dana Petroleum plc
Dana Petroleum plc, a wholly owned subsidiary of the Korea National Oil Corporation (KNOC), is an international oil and gas business with operations in the UK, Egypt, Norway, the Netherlands and Africa, producing 60,000 barrels of oil a day. Dana’s ambition is to become a leading international oil and gas company operating in Europe, Africa and the Middle East and aims to grow production significantly by investing up to $5 billion over the next five years to increase the size of the company and create value for our shareholder.

About Dana Petroleum UK
Our portfolio in the UK consists of exploration, production and development activities throughout the Northern, Central and Southern North Sea, West of Shetland, and in the Moray Firth. We hold a total of 20 operated and 35 non-operated licences acquired through successful licensing rounds, acquisitions and asset farm-ins. Our average annual production in 2012 was 33,000 barrels of oil per day. Our strategy is to continue to invest in our UK exploration portfolio and convert exploration prospects into reserves and production.

About Triton
The Triton FPSO produces oil and gas from the Bittern, Guillemot West and North West, Clapham, Pict and Saxon fields. It is located in the UK Central North Sea, Block 21/30, approximately 120 miles east of Aberdeen.
Joint venture partners in Triton FPSO are Dana (51.966%), Shell UK (26.42%), Esso Exploration and Production UK Limited (20%) and Endeavour (1.614%).