Page 10 - Danish Offshore Industry 2015

7TH CONCESSION ROUND – A NEW STARTING SIGNAL The Danish North Sea Fund judging the 7th Conces- sion Round as an opportunity for defning the future of Danish offshore industry. The Danish Energy Agency received 25 applications for ways, and we are pleased to see that the group of ap- th the 7 Concession Round. That is the highest number plicants consists of partly a mixture of companies which ever, and a considerable step up from the 16 applications for many years have taken part in the activities in the th received for the 6 Round. The areas offered comprised Danish North Sea, and partly new ones bringing with partly all free areas of the Centralgraben where the them new experience. That is not bad at all, and, further- majority of the Danish felds have been found, and more, the concession round has shown that more people partly areas further to the east, where a discovery was than me believe in the potential of the North Sea – a made as a result of the 6th Round. This distinct interest is fact providing for some interesting opportunities,” states pleasing the Danish North Sea Fund, which on behalf of Peter Helmer Steen, CEO of the Danish North Sea Fund. the Danish government is acting as a 20%-partner in all He estimates that something like 13.5 billion barrels of 3 concessions, thereby being the third largest producer of oil and 500 billion m of gas have been discovered in the oil and gas in Denmark. existing Danish felds. In 2042, based onexisting technol- “The 7 Concession Round is interesting in many ogy, production from these felds is expected to adds up th CEO of the Danish North Sea Fund, Peter Helmer Steen, is looking forward to an interesting Seventh Concession Round. 10 / THE 7TH CONCESSION ROUND 11 / THE 7TH CONCESSION ROUND