EnergyWatch

Minimal interest for Danish oil exploration

The number of applications for conducting oil exploration in the Danish North Sea declined by 80 percent in the eighth tender round. This confirms the attractiveness of the Danish North Sea, says the country's energy minister.

The mood surrounding further oil exploration in the Danish North Sea has shifted from a major allegretto to minor largo. In any case, a Danish subsidiary of the Hungarian oil company Mol is now behind one-fourth of the applications submitted by companies wishing to attain oil and gas exploration and extraction licenses in the Danish part of the North Sea. The remaining three-fourths consist of Total, Ardent Oil and Lundin Norway, informs the Danish Energy Agency.

In what could aptly be characterized as a blunder, the agency published a press statement Friday afternoon. Such near-weekend timing namely limited the reach of information the country's minister of energy, utilities and climate could only describe as positive.

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