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The Danish oil and gas market is a small but mature market with a long history of production. However, production has been declining in recent years, and the government has announced plans to phase out fossil fuel extraction by 2050. Despite this, there are still a number of oil and gas companies operating in Denmark, and the market is expected to remain active in the short to medium term.
The Danish government is a major purchaser of oil and gas products and services. In 2021, the government spent DKK 3.9 billion on oil and gas procurement. The main products and services procured by the government are oil, natural gas, and related services such as exploration, drilling, and production.
The main oil and gas products and services procured by the Danish government are:
Oil
Natural gas
Exploration and production services
Drilling services
Transportation and storage services
The top authorities for Denmark oil and gas procurement are:
The Danish Energy Agency
The Danish Environmental Protection Agency
The Danish Competition and Consumer Authority
The top winners of Denmark oil and gas procurement in 2021 were:
TotalEnergies
Equinor
Wintershall DEA
DONG Energy
ENI
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