The Danish government enters the quest for oil and gas in the North Sea

Following Nordsøfonden’s entry into Dansk Undergrunds Consortium (DUC) the Danish government will have direct influence on the extraction of oil and gas in the North Sea. This influence will be used to promote new projects, writes Danish journal of engineering, Ingeniøren.


After 50 years as ‘check-recipient’ the government’s oil-and gas company Nordsøfonden has now stepped into the role of shareholder, and thus as an active part of Dansk Undergrunds Consortium, which owns the licenses in the North Sea. “We should highlight that we are now the third largest oil and gas company in Denmark. This is a big day,” says Peter Helmer Steen, CEO of Nordsøfonden, to Ingeniøren. dk.

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