Danish Finance Minister to Report on North Sea Oil Negotiations with Maersk

Denmark's finance minister Kristian Jensen will hold a news conference about the government's ongoing negotiations with the Danish Underground Consortium (DUC) about a new tax agreement for North Sea oil and gas operations at 1745 CET on Wednesday, the finance ministry said in a statement.

 

DUC consists of Danish shipping and oil conglomerate A. P. Moller-Maersk, Shell, Chevron (CVX) CVX.N and state-owned Nordsofonden.

 

The deal is seen as crucial for Maersk as it seeks to focus its operations on the North Sea and spin off its energy assets via a listing or merger.


(Reporting by Teis Jensen; Editing by Toby Chopra)