Oil companies ready with USD 177 million for research center

The new Danish research center for oil and gas extraction is underway at the Technical University of Denmark and will open next summer, at the latest, according to the Danish engineering industry's newsletter, Ingeniøren.

Photo: Maersk Oil

A new research center focused on procuring knowledge about how to extract more oil from the Danish part of the North Sea will open by summer 2014, at the latest.

"We hope to identify a large number of projects to choose from," said Jakob Thomasen, CEO of Maersk Oil, during Tuesday's Oil & Gas Summit 2013 conference in DR Byen, Copenhagen, according to Ingeniøren.

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