On 24 April 2014, the Danish Energy Agency (DEA) announced the terms of the 7th licensing round for oil and gas licences in the North Sea. Horten gives an overview of the application procedure and the most important licence terms in a new article.
International oil companies should pay attention to the Danish licence terms when submitting a tender in the 7th licensing round for the areas in the North Sea west of 6º15’ eastern longitude. The licensing round has opened recently and provides interested companies with a licence to explore and produce oil and gas.
Horten's energy law experts have prepared an article with a general overview of the most important requirements for the application and the licence terms.