Total becomes partner and operator with 31.2 % in DUC. DUC produces oil and gas from the Sole Concession area in the Danish part of the North Sea. Shell participates in DUC with 36.8 %, while Nordsøfonden has 20 % and Chevron 12 %.
Birgitta Jacobsen, CEO of Nordsøfonden, says:
"I am very pleased to welcome one of the leading global oil and gas companies into the DUC. I am looking forward to working with Total to strengthen and maintain Danish oil and gas production for many years to come."
With Total’s acquisition of the oil and gas activities, Maersk Oil leaves DUC. For more than half a century, Maersk has been a major player in the Danish area and has been a driving force in developing 15 oil and gas fields in the Danish part of the North Sea as operator in DUC.
Birgitta Jacobsen continues:
"I would like to thank Maersk Oil for their efforts in DUC. The company and their many skilled specialists have played a decisive role in developing Denmark to an oil and gas producing nation. The production has made Denmark self-sufficient in energy, and the oil and gas sector has contributed with tax revenues and secured jobs."
See press release from Total
DUC - Danish Underground Consortium:
Shell Oil and Gas Extraction Denmark B.V. Holland - 36.8 %
Total S.A. - 31.2 %
Nordsøfonden - 20.0 %
Chevron Denmark - 12.0 %
Total S.A. is operator.