2050: Denmark set to end North Sea oil and gas production

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Danish oil production, which began in 1972, has been on the decline for several years, and has been halved in the past decade.

Denmark, the EUโ€™s biggest oil producer post-Brexit, said Friday it will halt all North Sea oil and gas production and exploration by 2050 in line with its bid to become an energy transition role model.

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Following an agreement reached between the Social Democratic government and a majority in parliament, โ€œDenmark becomes the biggest oil and gas producer to set a date for a definitive endโ€ to oil production, the energy ministry said in a statement.

While Denmark produces far less oil than neighbouring Norway, which produces around 1.4 million barrels per day, and the UK with around one million per day, since Britainโ€™s exit from the EU it has become the blocโ€™s largest producer with around 100,000 barrels per day, according to oil giant BPโ€™s annual figures.

The decision means an eighth tender offer for oil and gas exploration in the North Sea will now be cancelled.

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Its gas production has also become minimal, at 3.2 billion cubic metres last year.

โ€œWe are now putting an end to the fossil fuels era and tying our North Sea activities to the 2050 climate neutral goal outlined in our climate law,โ€ Energy Minister Dan Jorgensen said.

The Nordic country, which aims to reduce its greenhouse gas emissions by 70 percent within 10 years, aims to โ€œuse the decision as a starting point to take on the role as world leader in the progressive elimination of oil and gasโ€ as an energy source, the ministry said.

The decision was hailed by environmental organisations.

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โ€œDenmark has a moral obligation to end the search for new oil to send a clear signal that the world can and must act to meet the Paris Agreement and mitigate the climate crisis,โ€ Greenpeace Denmark said in a statement to AFP.

Denmarkโ€™s oil fields are located about 150 kilometres (95 miles) off its west coast, near its maritime borders with Britain and Norway.

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