Reuters: Denmark cuts 5-year view for oil and gas production

The Danish Energy Agency (DEA) on Thursday cut its outlook for the country's oil and gas production over the next five years.

The agency said it expected oil production next year to be 9.5 million cubic metres, lowering its of estimate of 9.9 million given in June 2013.

For this year, it cut its forecast to 9.9 million cubic metres from a 10.5 million forecast. One cubic metre of oil is equivalent to approximately 6.3 barrels.

Despite a lower outlook for gas production in its five-year view, DEA said it had slightly raised its production view for this year and next.
MORE