New acquisition underscores Ineos’ hunger for Danish North Sea leftovers

The acquisition of Hess Denmark extends Ineos’ horizon for operations in the Danish North Sea. On the other hand, the newly acquired Syd Arne field has been incurring substantial losses for years, but this is no cause for concern, says Ineos Denmark COO Mads Weng Gade.

With the acquisition of Hess Denmark, Ineos has bought out two partners in the Danish North Sea in less than one year. Photo shows the Syd Arne field, which Ineos is taking over as operator. | Photo: Hess Denmark

With the acquisition of Hess Denmark, Ineos has taken over operatorship of the Syd Arne field, thereby extending the British company’s oil production in Danish waters for some years ahead. Now it’s time to squeeze the last drops out of the oil reservoir beneath Syd Arne in the best possible way.

The acquisition of the Syd Arne Field gives Ineos a much longer production horizon than the company’s other operations, which include Nini, Nini East, Cecilie and Siri, says Ineos Denmark Chief Operating Officer Mads Weng Gade in an interview with EnergyWatch:

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