Ineos' new Danish project targets 10,000boepd

The British oil company’s Solsort project in the Danish North Sea is projected to account for much of the country’s fossil fuel output, and the undertaking could lead to further extraction in the same region, says CEO.

Ineos will utilize existing facilities at Syd Arne when Solsort is developed. | Photo: Danoil PR

Plans to develop the Solsort discovery have been underway since 2014, thus marking something of a milestone when the Danish Energy Agency (DEA) on Wednesday approved Ineos’ establishment plans, followed by the field operator and partners, state-owned Nordsøfonden and Danoil, making their final investment decision upon meeting Thursday, says Ineos Chief Executive Mads Weng Gade to EnergyWatch.

”Construction plans consist of two wells running from the Syd Arne field. That means we can with relative speed – already in next year’s fourth quarter – begin operation. This means a lot for the whole present agenda,” he says referencing Europe’s current short supply of natural gas.

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