Country Report
Denmark upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Denmark has a mature upstream sector which is in terminal decline. Hydrocarbon production is all offshore. Reserves are small compared to Norway and the UK, but there are still some large accumulations. The corporate landscape in Denmark has a clear north/south divide. The south is dominated by the Dansk Undergrunds Consortium (DUC), which is comprised of Total (operator, formerly Maersk), Noreco and direct state representative - Nordsoefonden. The north production area includes new entrant Ineos, and legacy players Hess Corporation, Danoil and Wintershall Dea. The Government has called time on the industry, with exploration and production activities to end by 2050. The move affirmed Denmark's direction of travel on climate change.
Table of contents
- 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
- Restrictions on oil and gas licensing and exploration
- 2023 Mini-bid round cancelled
- Formal licensing rounds
- Adjoining area procedure
- Carbon storage licensing
-
Drilling
- Drilling activity
- Exploration by licence round
- Success rates
-
Licensing
- Reserves and resources
-
Production
- Liquids
- Gas
-
Infrastructure
- Oil infrastructure
- Refineries
-
Gas infrastructure
- Export infrastructure
- Nybro 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 (1973-2017)
-
Licensing
- State participation
- Danish area division
- Licensing history
- First round
- Second round
- Third round
- Fourth round
- Fifth round
- 8 more item(s)...
-
Fiscal terms
-
Overview
- Upstream
- Mid/Downstream
-
Current fiscal terms
- Government equity participation
- Royalty
- Corporate Income Tax (Hydrocarbon Chapter 2 CIT)
- Hydrocarbon Tax (Chapter 3A)
- Temporary Tax Regime 2017
- Fiscal treatment of decommissioning costs
- Product pricing
- Emissions taxes
- 5 more item(s)...
-
Overview
Tables and charts
This report includes the following images and tables:
- Key facts: Table 1
- Country map
- Net Acreage 2025
- Reserves and contingent resources at 01/01/2025
- Liquids and Gas Production 2024
- Reserves and resources: Table 1
- Remaining and Produced Liquids and Gas Reserves
- Reserves and resources: Table 2
- Reserves and resources: Table 3
- Basin map
- Liquids production by development status
- Production: Table 1
- 28 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Country Report
Kazakhstan upstream summary
Three super-giant fields dominate a well-established upstream industry - The Tengizchevroil (TCO), Kashagan and Karachaganak ...
$6,480
Country Report
Argentina upstream summary
Argentina claims one of the only successful shale plays outside of North America. We detail the history of oil and gas production and ....
$6,480
Country Report
Turkmenistan upstream summary
Central Asia's largest gas producer - Turkmenistan's gas output is currently more than 7.5 bcfd, centred on the prolific ...
$6,480
