Dong Energy UK

DONG Energy and partners to let Svane license expire

News   •   Dec 21, 2012 12:44 GMT

DONG Energy and partners have, following detailed technical evaluations, 
decided at the present point in time not to pursue drilling of an appraisal 
well in the Svane field. 

The gas accumulation in Svane is found at a depth of 5.5-6 km at a pressure of 
1200-1300 bar which is considered at the edge of what can be managed by 
present technology. 

The appraisal drilling was announced in January 2010 with an expected cost of 
DKK 0.6 – 0.9 billion. 

The 04/98 Svane licence expires on 01 January 2013. 

DONG Energy, operator, holds a 35% ownership share of the Svane licence, 
Bayerngas Danmark ApS 30%, Nordsøfonden 20%, and VNG Danmark ApS 15%. 


The information provided in this announcement does not change DONG Energy's 
previous financial guidance for the 2012 financial year or the announced 
expected investment level. 


For additional information, please contact: 

Media Relations 
Ulrik Frøhlke 
+45 9955 9560 

Investor Relations 
Allan Bødskov Andersen 
+45 9955 9769