Exploration & Appraisals | Deals - Licenses and Concessions
Deutsche Erdoel Wins Danish Exploration Licenses
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The Danish Energy Agency has awarded DEA Deutsche Erdoel AG two licences in Denmark. The concession area of about 530 square kilometres is located in the southern Central Graben in the western part of the Danish North Sea.
The German upstream company DEA, based in Hamburg, applied for two concessions as part of the 7th licensing round in October 2014. Together with the Dutch exploration and production company Dyas and the Danish state-owned company Nordsøfonden, DEA was recognised when awarding the licences and is now an operator in Denmark for the first time with a share of 50% each in licences 8/16 and 9/16.
The main geological target in the concession area is Lower Cretaceous sandstones. It is supposed that they contain oil, which will be verified in the next few years through…
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