Denmark to Increase Production by 18%

The Danish Energy Agency has increased its forecast for planned oil output in the Danish sector of the North Sea by 18 percent over the next four years. "From 2002-2005 we have raised our previous forecast for planned oil production by an average 18 percent." The upgrading follows the find of the Halfdan field in the summer of 1999 and plans for its future development. Halfdan is owned by Danish Underground Consortium (DUC) with A.P. Moeller as operator and produced 72,500 barrels per day in November. The field is forecast to produce 2.8 million cubic meters (mcm) of oil in 2001, doubling to 5.7 mcm by 2005, thereby accounting for almost a third of total Danish North Sea oil production. Oil production is expected to come in at 20.0 mcm in 2001 or 345,000 barrels per day - three percent less than earlier anticipated due to an explosion in the Gorm field in May and down from last year's record high at 21.1 mcm. In 2002, oil output is forecast at 20.0 mcm, falling slightly to 19.9 mcm in 2003, 18.7 mcm in 2004 and 18.2 mcm in 2005.