DONG Energy terminates EPC contract on Hejre platform

In the annual report for 2015 released on 4 February 2016, DONG Energy announced that the Hejre project continues to be in a challenging situation and that first oil in 2017 is no longer the likely scenario. Since then, DONG Energy has worked closely with our partner Bayerngas Norge (Bayerngas) and the suppliers to determine the best way forward for the project. A key challenge for the project has been that the supplier consortium consisting of Technip France and Daewoo Shipbuilding & Marine Engineering has not been able to meet its contractual commitments under the EPC contract on the Hejre platform. This has, among other things, resulted in significant delays in the completion of the Hejre project. ….