ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
eXPloRatIon<br />
AT A GLANCE<br />
& PRoductIon<br />
eXPloRatIon & PRoductIon<br />
Continued growth and value creation<br />
Exploration & Production explores for and produces oil and gas. In <strong>2011</strong>, daily production<br />
averaged 72 thousand boe, of which 82% came from Norwegian fields and 18% from Danish<br />
fields. The portfolio of reserves (2P) is robust and amounted to 446 million boe at the end of <strong>2011</strong>,<br />
equivalent to 17 years’ production.<br />
Exploration & Production has 65 licences: 13 in Denmark, 21 in the UK (West of Shetland), 27 in<br />
Norway, 2 in Greenland and 2 on the Faroe Islands. Constant exploration for oil and gas is part<br />
of the foundation of the Group’s growth strategy. The objective is solid growth in production to<br />
enhance security of supply and earnings.<br />
Executive Vice President<br />
Søren Gath Hansen<br />
18<br />
manaGEmEnt’s rEviEw – <strong>DONG</strong> ENERGY GROUP <strong>ANNUAL</strong> <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>REPORT</strong> <strong>2011</strong> <strong>2011</strong><br />
Read more about Exploration & Production:<br />
www.dongenergy.com/EN/EP<br />
EP - EN Renewables - EN Generation - EN <strong>Energy</strong> Markets - EN
Change language