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Press release -

The DEA updates the five-year forecast of Danish oil and gas Production

Oil production is written down 2 per cent for 2012, and production of sales gas is written up 9 per cent for 2012 compared to the annual report from May.

The Danish Energy Agency (DEA) has updated the five-year forecast for oil and sales gas production, investments and costs for exploration, operation and oil and gas transportation compared to the annual report from May.

For 2012, oil production is expected to total 11.6 million m³, equal to about 199,000 barrels of oil per day. This is a 9 per cent decline on 2011. Compared to the annual report from May the expected production for 2012 is written down 0.2 million m3 corresponding with 2 per cent. The downward adjustment is mainly caused by reduced expectations to the production from the South Arne Field.

Future production is expected to decline further, but in 2016 an increase in production is expected mainly caused by production from the Hejre Field. For the period 2012 to 2016 mainly minor revisions have been made compared to the annual report, and total estimated production for this period has been written down 3 per cent compared with the annual report.
 
Sales gas production is expected to total 4.7 billion Nm3 in 2012. On 2011 this is a 16 per cent decline. Compared to the annual report the expected production of sales gas for 2012 is written up 0.4 billion Nm3 corresponding with 9 per cent. The upward adjustment is mainly caused by greater demand than expected.



Update of the five-year Forecast

Subjects


The Danish Energy Agency is responsible for tasks linked to energy production, supply and consumption, as well as Danish efforts to reduce carbon emissions. The Agency is also responsible for supporting the economical optimisation of utilities that in addition to energy includes water, waste and telecommunication.

We are also responsible for user conditions, supply obligation and telecommunication statistics, as well as water supply and waste management.

The Danish Energy Agency was established in 1976, and is an agency under the Ministry of Climate, Energy and Utilities.

Press contacts

Ture Falbe-Hansen

Ture Falbe-Hansen

Press contact Head of Media Relations Danish Energy Agency +45 25 13 78 46
Morten Christensen

Morten Christensen

Press contact Team Leader Danish Energy Agency +45 3392 6858

Welcome to Danish Energy Agency!

The work of the Danish Energy Agency involves matters relating to energy supply and consumption, as well as Danish efforts to reduce carbon emissions. The Agency is also responsible for Danish building policy and promotes more sustainable building with regard to energy consumption, use of materials and economic issues.

The Agency is responsible for the entire chain of tasks linked to energy production and supply, transportation and consumption, including energy efficiency and savings as well as Danish national CO2 targets and initiatives to limit emissions of greenhouse gasses. The Agency supports building-policy initiatives to increase the productivity and quality of building as well as the operation and maintenance of buildings, with focus on sustainable building. The Agency also collaborates with the building sector to establish a good framework for the industry.

The Danish Energy Agency was established in 1976, and is an agency under the Ministry of Climate, Energy and Utilities.

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