Oil, gas and other underground resources
We advise on all aspects related to oil and gas exploration and extraction, decommissioning of assets, and transactions.
Extraction of raw materials from the Danish underground, territorial waters and the continental shelf has for many years been - and continues to be - an important source of income for many Danish and international businesses.
Our Energy Practice Group counts some of Denmark’s leading specialists in the sector. Our in-depth knowledge of the regulatory framework and the transactional and project management processes makes Kromann Reumert a “one-stop-shop” when it comes to legal advice on matters involving exploration, extraction and decommissioning of assets and direct or indirect transfer of licenses.
We also have in-depth knowledge of the infrastructure regulation in the Danish part of the North Sea and the conclusion and negotiation of i.a. operating service agreements.
Our advice
We provide advice on inter alia:
- regulatory matters
- license matters, including farm-in/farm-out and direct or indirect transfer of licenses or shares of licenses
- joint operating agreements and unit operating agreements
- tie-in agreements
- crossing agreements
- mutual hold-harmless agreements
- project and acquisition financing
- operating service agreements
- decommissioning issues
- secondary liability and warranty claims by the Danish Energy Agency
- representation of clients before the authorities and in court disputes.