- Professional News
- 27 August 2013
The 7th Danish oil and gas Licensing Round under way
The 7th Licensing Round for oil and gas licences in the North Sea is expected due later this year. A summary report regarding the strategic environmental assessment of a plan for oil and gas recovery and CO2 injection made by the Danish Energy Agency is now available.
Later this year the Danish Energy Agency (DEA) is expected to launch the 7th Licensing Round for oil and gas exploration and production licences in the North Sea. The 7th Licensing Round will cover the areas west of 6°15’ eastern longitude, as did the 6th Licensing Round in 2005/2006.
As a preparatory step for the coming Licensing Round, the DEA has published a Strategic Environmental Assessment of a plan for future calls for tenders of oil and gas licences in the North Sea. The plan includes investigation and production activities as well as the injection of CO2 in existing oil fields as a means to enhance oil recovery. The Strategic Environmental Assessment report was submitted for public consultation in July 2012 and the DEA has now published a summary report based on the large number of responses to the report.
The minister for climate, energy and building has decided to carry out the plan for future calls for tenders for oil and gas licences. However, licences for the injection of CO2 in existing oil fields will be subject to a separate call for tenders which will not take place before companies have expressed an interest in this.
So far, the interest in the 7th Licensing Round has been great and 31 companies joined the DEA’s information meeting in May 2013.
Before the call for tenders for the 7th Licensing Round can take place, a statement on the general licencing terms and conditions must be submitted by the minister for climate, energy and building to the Climate, Energy and Building Committee of the Danish Parliament.
Learn more about licensing and the 7th Licensing Round: