Such stabilizing will also ensure that any necessary inspections will be carried out in a safe manner in order to establish a permanent solution. The temporary solution involves a drilling rig being connected to the caisson, taking the load off the caisson through the use of specially-designed lifting gear.
With the temporary solution production is expected to be resumed, depending on the uncertainty regarding weather conditions, the processing time involved in connection with third-party verification of the temporary solution and regulatory approvals, among other factors.
DONG Energy’s share of production from the Siri-area in 2008 was approximately 2.9 million barrels of oil (bbl) representing about 16% of the company’s total oil and gas production in 2008.
DONG Energy’s partners in the area are Norwegian Energy Company ASA (Noreco) and RWE AG.
The production stoppage at Siri will adversely affect DONG Energy’s expected production from the area in 2009. As production from other DONG Energy fields is expected to exceed expectations, the overall effect will not alter the previous guidance for DONG Energy’s financial results for 2009 or the company’s expected investment level.
