By Bunny Nooryani
June 14 (Bloomberg) — Denmark, Europe’s third-largest oil- producing nation, expects its oil output to drop 15 percent by the end of the decade as supplies dry up at aging North Sea fields.
Oil production will decline from an estimated 327,000 barrels a day this year, the Danish Energy Authority said in a report on its Web site. The country’s natural-gas output will decrease 7.7 percent to 8.4 billion standard cubic meters in 2010, from an estimated 9.1 billion cubic meters this year.
Denmark got all of its oil and gas production last year from 19 fields in the North Sea. Oil output from deposits including Dan, Gorm and the 100,000 barrel-a-day Halfdan site is dwindling as fields mature.
Maersk Oil and Gas, the oil-production unit of A.P. Moeller-Maersk A/S, operates most of Denmark’s petroleum sites.
To contact the reporter on this story: Bunny Nooryani in Oslo at [email protected]
Last Updated: June 14, 2007 04:51 EDT
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