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According to foreign media in London on August 30, Denmark's 25-year history as a net oil exporter will end
this year after sharply cutting its long-term oil production forecasts on Thursday.
The Danish Energy Agency expects Denmark's oil production to fall to 128,000 barrels per day this year, down from 138,000 barrels last year and 10 percent
below estimates a year ago.
The decline in Danish oil production forecast is due to a downward adjustment of North Sea resources and delays and greater uncertainty
in the development of several fields and discoveries.
Denmark has been a net exporter of oil since 1993, when developments in technologies such as horizontal drilling made it possible
to exploit the hard-to-use reserves of the North Sea.
Denmark's oil production peaked at 390,000 barrels
per day in 2004.
According to foreign media in London on August 30, Denmark's 25-year history as a net oil exporter will end
this year after sharply cutting its long-term oil production forecasts on Thursday.
The Danish Energy Agency expects Denmark's oil production to fall to 128,000 barrels per day this year, down from 138,000 barrels last year and 10 percent
below estimates a year ago.
The decline in Danish oil production forecast is due to a downward adjustment of North Sea resources and delays and greater uncertainty
in the development of several fields and discoveries.
Denmark has been a net exporter of oil since 1993, when developments in technologies such as horizontal drilling made it possible
to exploit the hard-to-use reserves of the North Sea.
Denmark's oil production peaked at 390,000 barrels
per day in 2004.
