Economy
The production of oil and gas from the North Sea represents
substantial value and has a major effect on the Danish economy.
Danish oil and gas production commenced at the Dan Field in 1972.
Since then, oil and gas production has risen sharply. The
production of hydrocarbons has made Denmark self-sufficient in
energy since 1997.
The production of oil and gas from the North Sea represents
substantial value and has a major effect on the Danish economy via
tax revenue, via the impact on the balance of trade and balance of
payments and via the profits generated by the oil and gas
sector.
In the past 50 years, oil companies have invested heavily in
exploring, developing and operating Danish fields.
Oil and gas production also creates workplaces for thousands of
people, both on- and offshore.