In spring 2014, the Danish Energy Agency opened the 7th Danish Licensing Round. On expiry of the deadline for submitting applications 20 October 2014 the Agency had received 25 applications.
The Danish part of the North Sea is a so-called mature area with a well-developed infrastructure and, according to reports from both the Danish Energy Agency and Oil Gas Denmark, large quantities of oil and gas still remain to be discovered in the Danish areas. The areas offered for licensing are located in the Central Grave, where the majority of Danish fields have so far been discovered, and in the areas further to the east where oil discoveries were previously made.
The licensing rounds following the 7th round will be held at one-year intervals for oil and gas licences. The purpose of the annual licensing round is to create more predictability for the interested companies and to support the utilisation of the existing infrastructure in connection with the development of future oil and gas discoveries. The annual licensing round also supports the Danish Energy Agency's objective to reduce costs and to profit as much as possible from the Danish North Sea to the benefit of the interested companies and Denmark.
We advise on e.g.:
- License applications
- Negotiation and completion of joint operating agreements
- Assignment of licence shares (farm-in/farm-out)
- Special rules on oil and gas activities
- Agreements on transportation of crude oil and gas
- Negotiation and completion of distribution agreements
- Distribution, storage and trade of oil and gas
- CO2 EOR (enhanced oil recovery).
Partner, Attorney Søren Hornbæk Svendsen
Partner, Attorney Christian Tullberg