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Only one bidder left for Denmark's eighth oil license tender

Following Total's withdrawal from the pending Danish tender, Mol Dania and Lundin Norway now have also announced that they will no longer participate as bidders in the country's eighth tender for oil exploration licenses, leaving only the UK's Ardent Oil as an interested suitor.

When Danish Minister of Climate, Energy and Utilities begins talks on North Sea exploration after the autumn holiday, there will only be a single bidder involved, Britain's Ardent Oil. | Photo: Emil Agerskov

"Significant uncertainty" arose, the Danish government says, when the current monopoly operator of the Danish North Sea, French oil and gas supermajor Total, announced its withdrawal Thursday as a bidder in the country's pending eighth oil exploration license round.

And now the number of interested suitors has dwindled even further. Whereas four oil companies had previously submitted applications to bid in the round, the Danish Energy Agency (DEA) now informs that only one participant retains interest.

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