Danish state oil player foresees revived North Sea pulse and more investment

With the framework in place for the Danish oil industry, new activity is again on the horizon for the country's North Sea fossil fuel sector, Nordsøfonden CEO Birgitta Jacobsen tells EnergyWatch.

Political uncertainty, Covid-19 and low oil prices have unsettled investment conditions for the Danish North Sea. Now state-owned oil group Nordsøfonden says its expects that situation to change. | Photo: CLAUS FISKER//

by MATHIAS JULIUS FALKENGAARD

While it's true that Denmark's recent North Sea fossil energy policy has set a final end date on extraction from 2050, the move has also created a basis for a new chapter for domestic oil and gas investments, says Chief Executive Birgitta Jacobsen from the state-owned oil group, Nordsøfonden.

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