DENMARK

(in North West Europe)

CAPITAL: COPENHAGEN

POPULATION: 6 mm

AREA (on): 43,100 km2

OIL PEAK: 2004

SUPPLY

Production of both oil and gas in Denmark, all of which is located in the North Sea, peaked in 2004 and 2006 respectively. Steady decline is forecast with new field developments unable to offset depletion in older fields.

There is no onshore production in Denmark.

 

DEMAND

Oil consumption in Denmark, after declining from 1996 to 2004 as fuel substitution and conservation proceeded, jumped in 2005 but is now likely to remain flat or decline slightly over the next decade, used only to satisfy transport needs. Gas consumption declined in 2007 but is likely to remain flat over the next decade as new means to generate electricity re sought.

Denmark became a net oil exporter in 1998 but exports of both oil and gas will now progressively reduce as the North Sea fields deplete. Denmark will likely need to begin importing oil by 2015 and gas by 2020.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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