Danish gas reserves up 2 bn cm

Jun 15, 2009 02:00 AM

Denmark's known oil reserves amounted to 200 mm cm on Jan. 1, down from a year-ago 214 mm cm, the Danish Energy Agency said. The government agency, which regulates domestic energy resources, said in an annual report on Danish oil and gas production the country's gas reserve was up 2 bn cm to 107 bn cm.
The agency raised its forecast for Danish oil production in 2009 to see it at 15.5 mm cm. Its previous forecast, made in November, had been for 15.0 mm cm. One cm equals 6.29 barrels.

It said it now saw the country's gas output at 8.5 bn cm, down from the 8.6 bn seen in November. It said that, based on known reserves, it forecast Denmark would remain self-sufficient on oil until 2018, and on gas until 2020.
It said that new discoveries and improved technology would however probably keep Denmark self-sufficient on gas and oil until 2029.

Danish shipping and oil group A.P. Moeller-Maersk operates oil and gas exploration in the Danish sector of the North Sea on behalf of the Danish Underground Consortium (DUC) which accounts for 88 % of Denmark's oil and gas production.
Maersk owns 39 % of DUC while partners Chevron and Royal Dutch Shell owns 15 % and 46 % respectively.

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