Oil and gas production in Exploration & Production is expected to increase significantly. The company today has a sound ratio of reserves to production. To secure production, also in the long term, DONG Energy has set itself the target that our reserves (2P) must correspond to at least eight years’ production. Also it is DONG Energy’s strategic objective to cover 30% of the Group’s supply needs by equity gas.
Our reserves and production targets must be achieved through continued exploration, accelerated development of existing finds for commercial production, and increased extraction from the existing oil and gas fields in the portfolio. The strategy will require new investments in connection with existing installations in the Danish sector of the North Sea, and on the Norwegian, UK and Faeroes shelves, and in the longer term also new areas such as frontier exploration around Greenland and elsewhere.
