Denmark Oil And Gas Profile
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Introduction
- Denmark’s oil and gas production has been in progress for almost 40 years
- All producing fields in Denmark are located offshore in the North Sea
History
- 1966 - The first oil discovery in the entire North Sea was made by the DUC Consortium in a field later named Kraka
- 1972 - oil production commenced from the Dan Oil Field, 200 kilometres west of the Danish coast. The Dan Field was the first oil field in the entire North Sea with production from permanent facilities.
- 2005 - The Danish North Sea Fund was set up
Regulation
- The use of the Danish subsoil is regulated by the Act on the Use of the Danish Sub‐soil, usually referred to as the Subsoil Act
- Companies are required to have a licence to explore for hydrocarbons. At the granting of a licence one or more companies are given the right to explore and produce within a defined area.
- Licences are granted through licensing rounds and via the Open Door procedure. In Denmark six licensing rounds have been held, the latest one was in 2005/2006. The latest licensing rounds comprised all non-licensed areas west of 6°15' eastern longitude.
- In 1997 an Open Door procedure was introduced, with an annual open period from January 2 to September 30. The Open Door procedure covers all non-licensed areas east of 6°15’ eastern longitude.
- The Danish North Sea Partner is a state-owned entity set up to administer the Danish North Sea Fund. The fund is the state participant in future licences for the exploration for and production of hydrocarbons in Denmark.
Upstream
- Oil production in 2011 totalled 12.8 million m3, a 9.8 per cent decline compared to 2010. Production from the Danish sector of the North Sea is therefore continuing to show a decline as expected. The main reason for this trend is that over the past many years, the majority of fields have already produced the bulk of the anticipated recoverable oil.
- The offshore production of natural gas totalled 6.5 billion Nm3 in 2011, of which 5.6 billion Nm3 of gas was exported ashore as sales gas, a 21 per cent decline compared to 2010.
Active Companies
- The main players in the Danish E&P sector are DONG Energy, Maersk Oil and Hess
Crude Oils
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Midstream
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LNG
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Downstream
- There are two refineries in operation in Denmark
- Shell's Fredericia Refinery has a capacity of 68,000 bpd
- Statoil's Kalundborg Refinery has a capacity of 110,000 bpd
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page revision: 6, last edited: 25 Dec 2013 14:27