The Head of the Technical University of Denmark's (DTU) oil research center took up the job on July 1st 2014. Prospects for the Danish oil sector looked bright, and the oil price reached more than USD 100 per barrel that year. But the scenario has changed dramatically since then, and so has the reality faced by the center, which is tasked with doing "applicable research" in the form of concrete solutions for the oil industry. Specifically, to help get as much oil out of the North Sea as possible.
Today, a little over two years later, the price of a barrel of oil is hovering at around USD 45 and the possibilities have transformed drastically.
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