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Denmark offers blocks as initiative targets recovery

Oil output has declined by 40% , but the new initiative aims to turn that around

The government has opened Denmark’s seventh licensing round, while a new industry initiative is targeting increases in recovery from the country’s ageing North Sea oilfields. Both moves are aimed at checking recent sharp falls in production – oil output has declined by 40% over the past five years, while gas output has declined even more. The seventh licensing round – the first large offering of Danish territory for eight years – invites bids for all unlicensed blocks in the western tip of the offshore, where the producing fields lie. The area, west of Longitude 6° 15' East, has relatively shallow water and there are platforms and landing-pipelines for oil and gas. “There are still many int

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