Nordsøfonden manages the state participation in the licences in the Danish Area and is a.i. partner in the Danish Underground Consortium, accounting for almost 90 % of the Danish production. Our task is to create value by making the best possible use of the resources at our disposal. The assignment is defined at political level, and we tackle it by operating a profitable business and promoting long-term production of oil and gas from the Danish part of the North Sea.
Production and consumption of fossil fuels has an impact on our environment, and for this very reason we are committed to limit the environmental footprint of the production as much as possible.
As a state-owned oil and gas company, we operate at the intersection where partners, operators and public authorities meet. It is here that we strive to promote mutual understanding and to pave the way for collaboration on the development of the Danish area to the benefit of society as a whole.
We are a consistent participant in more-or-less all activities in the North Sea, and our strength lies in our interdisciplinary knowledge and insight into Danish exploration and production. We assess the opportunities open to us and focus on solving problems. Consequently, what we do results in better, more holistically oriented solutions for oil and gas production in the North Sea.
Nordsøfonden is a fixed point of reference in a sector increasingly distinguished by change. We are there every step of the way – from the earliest phases of exploration to the point when the fields are to be shut down. As such, we hold responsibility for an assignment of major societal significance – both now and in the future.
The vision of Nordsøfonden:
Nordsøfonden works for long-term, innovative and financially sound exploration and production efforts in Denmark.
Our mission is to:
- create the highest possible value for the Danish State from Nordsøfonden's participation in oil and gas exploration and production in Denmark.
- ensure that Nordsøfonden is an active and competent partner which promotes coherent and cost-effective exploration and production.