DONG Energy updates on divestiture, joint development with Total

Offshore staff

FREDERICIA, Denmark  – DONG Energy has agreed to divest 5% of the UK Edradour field to Total E&P UK Ltd., which, when completed, results in an aligned DONG Energy participation of 20% in the four UK West of Shetland fields: Laggan, Tormore, Edradour, and Glenlivet. Total is the sole co-owner (80%) and operator of the fields.

DONG Energy and Total have decided on a joint development of the Edradour and Glenlivet fields, by way of tie-in to the Laggan and Tormore infrastructure, with both fields expected to contribute to production in 2018.

Mike Smith, managing director for DONG Energy's oil and gas activities in the UK, says, "This is a great step forward for our business in the West of Shetlands. The agreement to move forward with the joint development of Edradour and Glenlivet underpins our long-term gas hub strategy and strengthens our production base in the region."

10/30/2014