Geographic Spotlight: Denmark

Friday, July 31, 2026. DENMARK ENERGY PROFILE. CRUDE OIL PRODUCTION: Denmark crude oil production approximately 74,000 barrels per day (March 2026); December 2025 71,641 barrels per day; long-term declining trend. Annual crude oil 2024 4.1 million barrels, up 6% year-over-year. Solsort offshore field came online March 2024, contributing approximately 10% of output. NATURAL GAS PRODUCTION: Natural gas output 2024 2.5 terawatt-hours, up 25% year-over-year, driven by Tyra II redevelopment and Solsort field contributions. Domestic natural gas production increased 64% year-over-year (+1 billion cubic meters) due to Tyra field redevelopment. EUROPEAN NATURAL GAS PRODUCTION: 2026 forecast approximately 38 billion cubic meters for select EU countries, including Denmark contributions. WIND ENERGY: Denmark global leader in wind energy. Ongoing policy focus on renewables to support energy transition. LONG-TERM TREND: Oil and gas production declining amid North Sea maturation. Shift to renewables underway. OIL AND GAS FUNDING: Activities via Nordsøfonden support short-term output while funding shift to renewables. DENMARK ENERGY THESIS: Crude oil 74,000 barrels per day (March 2026), long-term decline, Solsort field contributing 10%, 2024 production 4.1 million barrels, up 6%. Natural gas 2.5 terawatt-hours 2024, up 25%, Tyra II redevelopment, Solsort field, domestic production up 64%. Wind energy global leader, renewables focus, energy transition policy. European production 38 billion cubic meters 2026 forecast, including Denmark. Long-term oil and gas declining, North Sea maturation, renewables shift. Funding Nordsøfonden supports output while funding renewables transition. Denmark transitioning from oil and gas to renewables. Wind energy leader. Production declining. Renewables investment accelerating.