The 8th Licensing Round will shortly open, for unlicensed acreage west of 6deg 15' E longitude. Energistyrelsen (the Danish Energy Agency) had hoped to launch the round at the EAGE conference in Copenhagen but is awaiting final signature from the Minister of Energy, Utilities and Climate. Denmark has softened fiscal terms for the period 2017-25 with a view to ensuring Tyra Field redevelopment, and this may prompt increased participation in the 8th Round. Further bid rounds are expected to follow on a roughly biennial occurrence with each new round scheduled a year after the previous round's awards have been issued. The 7th Licensing Round was launched on 24 April 2014 and results were announced on 25 February 2016 after much delay, with sixteen licences awarded. The 7th round will form the template for future bid rounds, although a shorter timeframe is expected. The open door procedure will continue to the area east of 6deg 15' E, although onshore and nearshore licensing ceased in February 2018.
The 8th Licensing Round will shortly open, for unlicensed acreage west of 6deg 15' E longitude. Energistyrelsen (the Danish Energy Agency) had hoped to launch the round at the EAGE conference in Copenhagen but is awaiting final signature from the Minister of Energy, Utilities and Climate.