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April 6, 2016

DEA wins two offshore licences in Denmark

German upstream company DEA Deutsche Erdoel has been offered two licences in offshore Denmark by the Danish Energy Agency, as part of the seventh licensing round.

DEA_licences

German upstream company DEA Deutsche Erdoel has been offered two licences in offshore Denmark by the Danish Energy Agency, as part of the seventh licensing round.

DEA is now an operator in Denmark and has a 50% interest in each of the licences 8/16 and 9/16.

The area covers 530km² and is located in the southern Central Graben in western part of the Danish North Sea where most of Denmark’s exiting productive fields are.

In October 2014, DEA applied for these concessions as part of the licensing round and won the licences together with the Dutch company Dyas and the Danish state-owned company Nordsøfonden.

"Lower Cretaceous sandstones are the main geological target in the concession area and are expected to contain oil, which will be verified in the next few years."

DEA Germany/Denmark division head Uwe Balasus-Lange said: "We’re delighted to have been awarded these two licences as a positive supplement to our portfolio and that we’re now also represented as an operator in Denmark."

Lower Cretaceous sandstones are the main geological target in the concession area and are expected to contain oil, which will be verified in the next few years through seismic investigations and exploration drilling.

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Fifteen other exploration and production companies also applied in the seventh licensing round.

The upstream activities of DEA will focus on mainly focus on the core countries including Norway, Denmark, Germany, Egypt and Algeria.

The company has participated in exploration and production licences in the country since 1995 and as a partner it has been producing oil in the Danish North Sea since 2003.

DEA owns around 44% interest in the Cecilie oil field and a 43% share in the offshore Nini field in the North Sea.


Image: The concession area covers about 530km² and is located in the southern Central Graben. Photo: courtesy of DEA Deutsche Erdoel AG.

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