Dong settlement paves way for oil division divestment

The Hejre settlement is a good exit from a troublesome business venture for Dong Energy, determines a Sydbank analyst, who assesses that this will further ease the ongoing sales process.

With Thursday's settlement, Dong Energy will not have to include the case against Technip and Daewoo in its considerations regarding the ongoing oil division sale. | Photo: Dong Energy

Dong Energy reached a settlement Thursday in the case against suppliers to the failed Hejre field, marking more than just the end of one troublesome venture.

The suppliers allegedly delivered a top part to the platform which was too heavy to be installed. Meanwhile, the settlement could also smooth the process of the announced divestment of the oil and gas division, set to take place by the end of this year.

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