Country report
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49 Pages

Denmark upstream summary


Denmark upstream summary

Report summary

Denmark is a mature hydrocarbon province and its production is in decline. Its total reserves are small in comparison with the UK and Norway, but Denmark has some major accumulations. All current production comes from the Central North Sea, mainly from key developments such as Dan, Gorm, Tyra and Halfdan. Production decline will be temporarily reversed in 2017, when the Hejre development is brought onstream.DONG Energy's development of High Pressure/High Temperature (HP/HT) discovery ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.07 MB 49 Pages, 31 Tables, 15 Figures
  • Country Overview XLS - 1.15 MB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Central Graben
    • Danish-Norwegian basin
    • Ringkøbing-Fyn High
    • North German basin
    • Rønne Graben
  • Exploration
    • Licensing
      • Open door procedure
      • Formal licensing rounds
      • Adjoining area procedure
    • Drilling
      • Drilling activity
      • Exploration by licence round
      • Success rates
  • Reserves and resources
  • Production
    • Oil/Liquids
    • Gas
      • Future expectations
  • Infrastructure
    • Oil infrastructure
      • Oil Terminal
    • Refineries
    • Gas infrastructure
      • New Infrastructure and Security of Supply
      • Shelved pipeline projects
      • Gas Terminal
      • Gas Storage
  • Costs
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State oil company
      • DONG Energy
      • Gas market liberalisation
    • Licensing
      • State Participation
      • Danish Area Division
      • Licensing History
      • First Round
      • Second Round
      • Third Round
      • Fourth Round
      • Fifth Round
      • Sixth Round
      • Seventh Round
      • Future rounds
      • Licensing Costs
      • Out of Round Awards
      • Open Door Procedure
  • Fiscal terms
    • Overview
      • Upstream
      • Mid/Downstream
    • Current fiscal terms
      • Taxation
      • Hydrocarbon Tax
      • Indirect taxes
      • Bonuses, rentals and fees
    • Sample cash flows
      • Sole Concession (DUC) & Non-DUC post-2004 Licences
      • Non-DUC licences (Chapter 3A hydrocarbon tax) from 1 January 2014
      • Transitional Terms for eligible Non-DUC assets from 1 January 2014 (Chapter 3A)
    • Marginal Government Take
      • Sole Concession (DUC) licence
      • Non-DUC licences
    • Historical background
      • Fiscal Terms of the DUC Licence
      • Fiscal Terms of Non-DUC Licences

In this report there are 46 tables or charts, including:

  • Executive summary
    • Liquids Production by Development Status
    • Gas Production by Development Status
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Liquids and Gas Production 2016
    • Capital Expenditure 2016
    • Net Acreage 2016
  • Geology
    • Sedimentary Basins in Denmark
  • Exploration
    • Drilling Activity by Well Type
    • Technical and Commercial Success Rates
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
    • Remaining and Produced Commercial Liquids and Gas Reserves at 01/01/2015 (p+p)
    • Reserves and resources: Table 3
  • Production
    • Liquids Production by Development Status
    • Production: Table 1
    • Production: Table 2
    • Production: Table 3
    • Production: Table 4
    • Gas Production by Development Status
    • Production: Table 5
    • Production: Table 6
    • Production: Table 7
    • Production: Table 8
  • Infrastructure
    • Infrastructure: Table 1
    • Danish Oil and Gas Infrastructure
    • Infrastructure: Table 2
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Country Capital Expenditure (US$ Million)
    • Costs: Table 3
    • Costs: Table 4
  • Policy and regulation
    • Policy and regulation: Table 1
    • Policy and regulation: Table 2
    • Policy and regulation: Table 3
    • Policy and regulation: Table 4
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
    • Fiscal terms: Table 7
    • Fiscal terms: Table 8
    • Fiscal terms: Table 9
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