Denmark ready for new North Sea bidding round

Before the end of 2013, the Danish Energy Agency plans to issue new licenses for companies interested in exploring and producing oil and gas in the North Sea.

New possibilities could surface during 2013 for companies interested in the North Sea. Before the end of the year, the Danish Energy Agency plans to issue licenses for an area in the North Sea, west of 6° 15' eastern longitude. This will happen through a seventh bidding round, which will give interested companies permission to explore and produce oil and gas, says the Danish Energy Agency in a press release.

This means that the agency is currently working on a plan to offer new oil- and gas licenses in the North Sea, which includes "exploration activities, primarily in the form of geological surveys, production activities, and CO2 injections into existing oil fields to stimulate the production of hydrocarbons."

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