Denmark impairs oil reserves significantly

An extraordinary new forecast for oil and gas production demonstrates that in two years, Denmark will no longer be oil self-sufficient. Delays and lower oil deposits in the North Sea mean that Denmark must impair the value of its oil production.

BY MATHIAS ØRSBORG JOHANSEN

Published: 27.04.17 at 13:57

With the release of a new forecast, Denmark is suddenly worth DKK 1 billion less (EUR 130 million).

A new analysis from the Danish Energy Agency (DEA) reveals that Danish oil fields and reserves in the North Sea have been impaired by up to ten percent compared to last year's forecast for Danish oil and gas production.

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