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State fund eyes new commercial oilfields in the North Sea

A list of new, smaller oil and gas discoveries in the Danish part of the North Sea look so promising that The Danish North Sea Fund believes they can be exploited commercially within few years. The oilfields in question are situated at a relatively low depth of water in the Western part of the North Sea.

According to Denmark’s third-largest oil producer, the state-run Danish North Sea Fund, the development of several small oil and gas discoveries is so promising that they will in all likelihood be ready for commercial exploitation within the coming years.

The discoveries which The Danish North Sea Fund are appraising at the moment, with the view to possible commercial exploitation, include the oil discoveries Solsort, Raven, Little John, and Rau, as well as the gas finds Luke and Brother Tuck. The strikes are located in very different geological layers and depths, from about 1 kilometer to more than 4 kilometers, which also make some of them interesting to operators who do not necessarily have any expertise with very deep fields.

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