Denmark initiates latest offshore license round
The Danish Energy Agency (DEA) has opened Denmark’s 7th licensing round.
COPENHAGEN, Denmark – The Danish Energy Agency (DEA) has opened Denmark’s 7th licensing round.
DEA’s assessments suggest large volumes of oil and gas remain to be discovered in these areas.
On behalf of the Danish state, Nordsøfonden will hold a 20% interest in any new licenses awarded. Proposed financial terms are identical to those applied in the 6th licensing round.