DONG sanctions Marulk program

DONG Energy has approved the development plan for the Marulk gas field in the Norwegian Sea, in which the company has a 30% interest.

Offshore staff

COPENHAGEN, Denmark -- DONG Energy has approved the development plan for the Marulk gas field in the Norwegian Sea, in which the company has a 30% interest.

Development costs are estimated at $648 million. DONG will contribute around $187 million.

DONG assesses Marulk’s commercial reserves at 71 MMboe, with its share at 21 MMboe. Marulk is operated by Eni Norge, in partnership with Statoil, and should come onstream during spring 2012.

Marulk will be developed via two production wells connected to and controlled from the Norne field production vessel via a seabed installation. Statoil adopted the same solution last year for the Alve gas field, in which DONG is also a licensee.

The Marulk gas will be exported via facilities in western Norway through the Gassled pipeline system to either the European mainland or the UK.

Development, and the associated investment, remains subject to approval from the Norwegian authorities.

07/14/2010

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