The Danish Energy Agency has awarded German energy firm DEA two licences, enabling it to become an operator in Denmark for the first time.
The concession area of about 530 square kilometres is located in the southern Central Graben, in the western part of the Danish North Sea.
The Hamburg-based company applied for two concessions as part of the 7th licensing round in October 2014.
Together with the Dutch exploration and production company Dyas and the Danish state-owned company Nordsøfonden, DEA was recognised when awarding the licences and is now an operator in Denmark for the first time with a share of 50% each in licences 8/16 and 9/16.
Head of DEA’s Germany/Denmark division Uwe Balasus-Lange, said: “We’re delighted to have been awarded these two licences as a positive supplement to our portfolio and that we’re now also represented as an operator in Denmark.”
Exploration drilling and seismic data will confirm whether oil can be produced over the coming years, said the company. The concession areas are in the Central Graben, where most of Denmark’s current productive fields can be found.
DEA’s upstream activities mainly focus on the core countries Norway, Denmark, Germany, Egypt and Algeria.
DEA accelerated its growth strategy recently with the acquisition of E.ON’s oil and gas business in Norway, which includes among others shares in more than 40 licences and significant production volumes from producing oil and gas fields.
The company has participated in exploration and production licences in Denmark since 1995 and has been producing oil in the Danish North Sea as a partner since 2003. DEA has a share of around 44% in the oil field Cecilie and a 43% holding in the offshore field Nini in the North Sea.
Recommended for you
