By Johan Weihe, Per Hemmer and Rania Kassis
Published in Global Competition Review's publication "Getting the Deal Through – Oil Regulation" in 2011
Since the mid-1980s, domestic oil production and exploration activity in Denmark and in the other parts of the Danish Kingdom (Greenland and the Faroe Islands) has increased dramatically. In December 2010, seven new licences for exploration and exploitation were granted by the Greenlandic government. With the seven new licences the total number is 20. A new licensing round will be carried out in 2012 and 2013 and will concern an area in the Greenland Sea, north-east of the Greenlandic coast.