On 24 April, the Danish Energy Agency (DEA) opened the 7th Licensing Round for the award of new oil and gas licenses.

The DEA invites oil and gas companies to apply for new oil and gas licences in the North Sea. 

The DEA awards licences for the Central Graben where the majority of Danish fields have so far been discovered, and in the areas further to the east where oil discoveries were made in the 6th Licen¬sing Round.

The licences are offered on the same terms as in the 6th Licensing Round. 

The application period ends on 20 October 2014. The DEA expects that the licences will be awarded in Q1 2015.

A presentation of the licensing round, including the areas and financial terms, is available at the DEA website:

contacts

Søren Hornbæk Svendsen

Partner

Christian Tullberg

Partner