Danish government could call off oil hunt free of charge

Basically, there are no state compensation costs associated with dropping the eight tender round, according to a response from the Danish Energy Agency. But the signal sent by canceling would be wrong, says a lawyer who has been advising one of the applicants.

Photo: Total

Wasted efforts and no compensation might become the reality for Total, Ardent Oil, Lundin Norway and Mol Dania, if certain Danish political parties succeed in pushing their cancellation of the eighth tender round.

The four companies have already submitted applications to Minister of Climate, Energy and Utilities Dan Jørgensen (Social Democratic Party). He will decide whether to plan for awarding the companies a slice of the underground and issuing concessions ahead of 2055.

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