We have chosen to divide the description into four chapters supported by a number of illustrations of the most essential analyses:
- Chapter 1: The Danish shelf
- Chapter 2: The social impact of the Danish oil and gas sector
- Chapter 3: The future activities and impact of the Danish oil and gas sector
- Chapter 4: Utilisation of the potential on the Danish shelf
The analysis period is set for the period 1992 to 2022 given that it was at the beginning of this period, the recovery of oil and gas on the Danish shelf seriously gathered speed and at the same time, it is estimated that a projection of 10 years represents a period of relatively strong expectations. In the areas relevant to the description, both the historical and the future period are extended.
The descriptions of the Danish shelf and projection of the sector’s development are based on Quartz+Co’s analysis models using primary input data from the sources: The Danish Energy Agency, Wood Mackenzie, IHS Global Windows, The Rushmore Reviews, BP Statistical Review and BAFA (in relation to price movement of gas). In that connection, it should be noted that projections on the oil price are based on the Danish Energy Agency’s basis scenario and that expected decommissioning costs on the Danish shelf are an estimate made by Quartz + Co. based on experiences from Oil & Gas UK.
The analysis method for calculating the sector’s historical direct and indirect effect on employment and gross value added has been developed and validated by Copenhagen Economics and primary input data have been provided by Statistics Denmark.
During the process, a number of meetings have been held with joint representation from the trade association members to discuss the progress and compare the analysis to the industry experiences.