Exploration & Production creates value through a number of activities in the upstream part of the energy value chain - from own exploration to natural gas and oil production. Exploration & Production’s natural gas production travels further down the value chain to the business area Energy Markets, where it creates additional value by forming part of the overall natural gas portfolio. The objective is for equity natural gas production to meet 30% of DONG Energy’s needs, thereby strengthening security of supply.
At the end of 2009, DONG Energy had 14 production licences and 56 exploration and appraisal licences. Two of these are being developed and are expected to go on stream within the coming years. DONG Energy is the operator of nine licences in Denmark, six in Norway, seven in the UK and one in Greenland.