Nordsøfonden
Amaliegade 45, 1st floor
DK-1256 Copenhagen K
Tel: +45 7226 5750
nordsoeen@nordsoefonden.dk
The Danish Underground Consortium (DUC) is a joint venture between A.P. Møller-Mærsk (31.2 %), Shell (36.8 %), Chevron (12 %) and Nordsøfonden (20 %) cooperating to recover oil from the Sole Concession holder’s area of the Danish North Sea.
Originally, the DUC consisted of A.P. Møller, Shell and Gulf, the latter acting as the operator. Within a few years Texaco and Chevron, too, joined the consortium. In 1974 Gulf withdrew from the cooperation, and Maersk took over as the operator. In 1987 Chevron withdrew, but in 2001 they re-joined DUC via their merger with Texaco.
The latest change in the construction of the consortium took place in 2012, when Nordsøfonden joined the DUC as an active 20 % state-owned partner.
Nordsøfonden is the Danish state-owned oil and gas company managing the state participation in the majority of the licences in the Danish area.
KEYFACT Energy