Page 49 - Danish Offshore Industry 2019

WE HAVE AN INDUSTRY
CREATING JOBS FOR

30.000 PERSONS, AND
WE ALL WANT A

HEALTHY INDUSTRY,
THEREFORE IT IS POSI-
"We have an industry creating jobs for 30.000 persons,
and we all want a healthy industry, therefore it is pos- TIVE THAT A LITTLE
itive that a little more tranquillity has settled over the
extensive consolidations. We hope that new players will MORE TRANQUILLITY
result in further investments, and here we shall be aware
that the frames of the conditions are optimal as we have HAS SETTLED OVER
to accept that ,obviously, we are a bit challenged by the THE EXTENSIVE
discoveries possibly being of a limited size. But that is
more than ever calling for us to creating the right incite- CONSOLIDATIONS.
ment.
DIRECTOR MARTIN NÆSBY.

NOTES · NOTES · NOTES · NOTES

RESOURCE ASSESSMENT AND PRODUCTION

FORECASTS

The Danish Energy Agency (DEA) annually prepares an opments. This is a change compared to forecasts, where
assessment of the Danish oil and gas resources alongside Denmark was expected to remain a net exporter of oil
a long-term production forecast. for a number of years. However, in the previous forecast
production only marginally exceeded consumption, and
The changes entail that Denmark is no longer expected write-down in production expectations results in this
to be net exporter of oil with the exception of one single change in the evaluation of Denmark as a net exporter
year (2024) where oil production exceeds consumption of oil. The forecast for oil production is reduced by 8
due to the expected production start up of new devel- per cent compared to last year’s forecast, which mainly
is driven by a downward adjustment of the resources, de-
lays and greater uncertainty regarding the development
of several fields and discoveries.

The forecast for gas is reduced by 5 per cent compared
the previous forecast, but Denmark is expected to remain
a net exporter of gas until after 2035, excluding 2020
and 2021 due to the rebuilding of the facilities on the
Tyra field. This corresponds fairly to last year’s forecast.

The approval of the rebuilding of the facilities on the
Tyra field implies that the uncertainty in this regard is
less than before. However, great uncertainty remains
with regard to the development of a number of projects
hence contributing to the forecast being somewhat
Photo: Danis Energy Agency uncertain.

47 / NOTES