Related Articles
Forward article link
Share PDF with colleagues

Denmark offers blocks as initiative targets recovery

Oil output has declined by 40% , but the new initiative aims to turn that around

The government has opened Denmark’s seventh licensing round, while a new industry initiative is targeting increases in recovery from the country’s ageing North Sea oilfields. Both moves are aimed at checking recent sharp falls in production – oil output has declined by 40% over the past five years, while gas output has declined even more. The seventh licensing round – the first large offering of Danish territory for eight years – invites bids for all unlicensed blocks in the western tip of the offshore, where the producing fields lie. The area, west of Longitude 6° 15' East, has relatively shallow water and there are platforms and landing-pipelines for oil and gas. “There are still many inte

Also in this section
Latest licensing rounds
24 March 2017
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Kuwait still drilling
1 March 2017
Kuwait is plugging away in its upstream and will seek more IOC help to do so
Oman's greenhouses to grow oil
27 February 2017
Oman is a leader in EOR and will soon bring in a powerful friend to help pump more oil—the sun