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    DM: Record interest in Danish oil and gas licensing round

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Summary

Denmark has received a record number of applications for oil and gas permits in its latest licensing round, including from A.P. Moller-Maersk's oil unit

by: Sruthi

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Press Notes

DM: Record interest in Danish oil and gas licensing round

Denmark has received a record number of applications for oil and gas permits in its latest licensing round, including from A.P. Moller-Maersk's oil unit, Royal Dutch Shell and Hess .

The Danish Energy Agency said it had received 25 applications from 15 companies by Monday's midday deadline. The licensing round was restricted to the south-western end of Danish waters, but there were no specific areas or blocs involved. The licences will be awarded next year.

Denmark is the smallest of the North Sea producers after Norway and Britain, but its 175,000 barrel per day production is significant for state coffers.

"I am very pleased with the number of applications received in the licensing round, which confirms that oil companies are still confident interesting discoveries can be made in the Danish area," Energy Minister Rasmus Helveg Petersen said in a statement.
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