Danish Energy Agency extends Lulita permits until 2035
Earlier this month, the Danish Energy Agency decided to extend permits 7/86 and 1/90 for the Lulita field until 31 December 2035. The extension applies from 8 March 2026, when the current ones were due to expire. This is stated in a information sent by the Danish Energy Agency to the Danish Parliament's Climate, Energy and Utilities Committee.
The application for extension has been submitted by INEOS E&P A/S on behalf of the licensees. The ownership group consists of subsidiaries of Ineos and BlueNord in the form of INEOS E&P A/S with 43.594 percent, INEOS Energy (Lulita) A/S with 36.406 percent and BlueNord Energy Denmark A/S and BlueNord Gas Denmark A/S with 10.000 percent each.
The Lulita field is located approximately 250 km from the Danish west coast and has produced 12.6 million barrels of oil equivalents since 1998. Production is carried out in coordination with the Exclusive License of 1962.
According to the briefing, the extension was granted under the Subsoil Act, which allows for the extension of licenses if special circumstances apply, but not beyond 2050. The decision was made administratively by the Danish Energy Agency and therefore did not require political consideration in the committee.
According to the briefing, a significant reason for the extension is the closure of the Tyra field, which has meant that the original extraction plan for Lulita could not be implemented as planned. The closure was not foreseen in the original permit.
The extension will thus make it possible to implement the planned extraction and ensure continued production, which is assessed to be economically viable until 2035.
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