Page 9 - Danish Offshore Industry 2019

Erdoel (DEA) decided to join hands. This, however, did relief when Hess called off their plans and returned to
not result in much change to their activities in the Danish daily routine. After all, there seemed to be at least one
sector, but just underlined that unexpected mergers are steady rock amid the turmoil.
happening, and times may be changing in the oil and gas
industry. The various groups of license holders in the Danish sector
consist of a considerable number of small companies,
More concern was caused, when another one of the too, but they are too small to be able to lift the respon-
majors in the Danish sector, Hess, suddenly announced sibility and financial obligations of acting as operators.
its interest in selling its entire share of the group it was They must, however, have been just as concerned as the
heading (Hess, INEOS and Danoil). That created more rest of the offshore community when observing the ma-
choppy waves in the Danish North Sea waters, but quite jor changes taking place around their investments. But is
a few players in the offshore community let off a sigh of there a reason for concern?

Tyra West.
Photo: Total

7 / WHAT ON EARTH HAPPENED IN THE DANISH SECTOR?