RTRS:Denmark seen an exporter of oil and gas for 10 yrs
COPENHAGEN, June 16 (Reuters) - Denmark is likely to remain a net exporter of oil and gas for a decade more, the Danish Energy Agency (DEA) said on Thursday, though it trimmed its prodution forecasts.
The DEA trimmed its forecast for oil output from the Danish part of the North Sea this year to 12.6 million cubic metres from an earlier estimate of 12.7 million and lowered its 2011 gas production forecast to 4.8 billion cubic metres from 5.2 billion.
The agency said in a new report that Danish oil output is likely to fall to 9.3 million cubic metres and gas production decrease to 4.5 billion cubic metres in 2015.
"Although oil production has fallen by a third since 2004 and production of gas has been reduced by 25 percent since 2005, Denmark can count on maintaining its status as a net exporter of oil and natural agas for about 10 more years," the DEA said in a statement.
With an oil price assumption of around $110 per barrel, the Danish government can expect annual oil and gas revenues from the North Sea of 23 billion to 30 billion Danish crowns ($4.36 billion - $5.69 billion) up to 2015, the DEA said.