Dansk Undergrunds Consortium

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Dansk Undergrunds Consortium (DUC) is a consortium that exploits several oil fields in the Danish sector of the North Sea and produced 80% of Danish oil and 90% of Danish natural gas in 2000, making Denmark one of the three oil and gas exporters in Denmark, along with the United Kingdom and Norway Europe is.

AP Møller-Mærsk , Royal Dutch Shell and Texaco hold shares in the company . Mærsk operates the oil fields and holds 39% of the shares in the consortium, Shell owns 46% and Texaco 15%.

The DUC oil fields are operated by Mærsk Olie og Gas AS.

In 1962, AP Møller received the first drilling license for the entire Danish mainland. The Danish government granted the license for 50 years, with Møller having ten years to find oil. In the same year, Gulf Oil took part in the campaign, both companies founded DUC, in which Royal Dutch Shell took part a little later . After the concession was extended to the Danish sector of the North Sea a little later, Chevron and Texaco also took part . Gulf Oil left the consortium in 1974, Chevron in 1986. Since the 1980s, DUC has given up its first concessions in the Danish North Sea, and since 1998 other companies have also been exploiting this area. Since 1991 the DUC oil fields have been producing more oil than Denmark uses.

Geologists on behalf of DUC discovered the relatively small Kraka field in the North Sea in 1966 and the first gas in 1968. In 1971 they found the Dan field, which was the first major find in Denmark's waters, followed by Gorm and Skjold in 1980 .

literature

  • Morten Hahn-Pedersen: AP Møller and the Danish oil , Schultz Forlag 1999, ISBN 8-760-90465-8 .