DEA considers North Sea license request

The Danish Energy Agency (DEA) has received an application for an exploration license covering currently open acreage in the Danish North Sea.

Offshore staff

COPENHAGEN, Denmark -- The Danish Energy Agency (DEA) has received an application for an exploration license covering currently open acreage in the Danish North Sea. The applicants are the partners in the adjoining license 2/05, comprising Altinex Oil Denmark (Noreco), Elko Energy, and The Danish North Sea Fund.

DEA says the application area is in an area which has undergone little exploration activities over the past few years. License 2/05 is the only permit in the region.

Denmark’s Minister for Climate and Energy has initiated an “adjoining area procedure” in order to issue the requested exploration and production license. The Danish Subsoil Act allows such awards to holders of an adjoining license in cases where a prospect or discovery extents into open area.

Assuming these conditions are fulfilled, all license holders of adjoining areas are invited to submit an application.

09/23/2010

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