Denmark's second-largest oil outfit sees sense in E&P license freeze

It would be wise to wait a handful of years to issue new oil exploration permits for the Danish North Sea, says Noreco Chair Riulf Rustad. Total stands aloof but will remain in the region regardless of outcome.

Photo: Jacob Ehrbahn/Politiken/Ritzau Scanpix

by MATHIAS JULIUS FALKENGAARD

The new big player in Denmark's oil and gas sector, Norwegian Noreco, will not oppose halting new exploration licenses in the Danish North Sea – at least not if doing so only pertains a transitional period – Noreco Chair Riulf Rustad tells EnergyWatch and even coaxes the notion of a license freeze:

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