The Norwegian authorities’ has approved the development plan for the Norwegian gas field Marulk. As earlier announced DONG Energy agreed to the development plan in July 2010.
The field is estimated to contain 71 million barrels of oil equivalents (boe) in total commercial reserves and to be in production in the second quarter of 2012. The work in regards to preparing the field has all ready begun, as the Norwegian authorities earlier this year gave the operator permission to sign contracts before approval of the development plan.
DONG Energy owns 30 % of the Marulk licence, and the remaining owners are Eni (operator) and Statoil.
The content of this announcement does not alter the previously announced expectations for DONG Energy’s financial result for 2010 or the announced expected level of investments.
DONG Energy is one of the leading energy groups in Northern Europe.The Company is headquartered in Denmark. Dong’s business is based on procuring, producing, distributing and trading in energy and related products in Northern Europe. Dong Energy has approximately 6,000 employees and generated just under DKK 50 billion (EUR 6.6 billion) in revenue in 2009.
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Source: DongEnergy, August 10, 2010: