Citing challenges and a lack of confidence in a supplier consortium’s ability to deliver, DONG Energy said it has given notice to terminate the EPC contract for the Hejre platform.
The platform is for the Hejre development in the Danish North Sea.
In a news release March 29, DONG said the supplier consortium consisting of Technip France and Daewoo Shipbuilding & Marine Engineering has not been able to meet its contractual commitments under the contract.
“This has, among other things, resulted in significant delays in the completion of the Hejre project,” DONG said in the news release.
The company and its partner Bayerngas Norge (Bayerngas) hold the consortium in material breach of its contractual obligations, the release said. The decision means the platform will not be completed, and the Hejre project in its current form will be stopped.
First oil in 2017 is no longer likely, DONG said in the release.
DONG and Bayerngas are working with its suppliers and Danish authorities to determine the best way forward for the project.
Recommended Reading
U.S. Shale-catters to IPO Australian Shale Explorer on NYSE
2024-05-04 - Tamboran Resources Corp. is majority owned by Permian wildcatter Bryan Sheffield and chaired by Haynesville and Eagle Ford discovery co-leader Dick Stoneburner.
1Q24 Dividends Declared in the Week of April 29
2024-05-03 - With earnings season in full swing, upstream and midstream companies are declaring quarterly dividends. Here is a selection of dividends announced in the past week.
Analyst Questions Kimmeridge’s Character, Ben Dell Responds
2024-05-02 - The analyst said that “they don’t seem to be particularly good actors.” Ben Dell, Kimmeridge Energy Partners managing partner, told Hart Energy that “our reputation is unparalleled.”
Tellurian Reports Driftwood LNG Progress Amid Low NatGas Production
2024-05-02 - Tellurian’s Driftwood LNG received an extension through 2029 with authorization from the Federal Energy Regulatory Commission and the U.S. Army Corps of Engineers.
Zeta Energy Appoints Michael Everett as COO
2024-05-02 - Prior to joining Zeta Energy, a lithium-sulfur battery developer, Michael Everett previously served as president and COO at Advanced Battery Concepts.