In 1962 A.P. Møller was awarded a sole concession in the entire Danish area, and in 1966 the first Danish oil discovery in what is now called the Kraka field, was made.
Since 1962 when A.P. Møller was granted exclusive rights to exploration in the entire Danish area, more than 55 different, primarily private, but also state oil companies have been active in attempts to find oil and gas in the subsoil. The first oil discovery in the North Sea was made in 1966 by A.P. Møller and their partners in the DUC in what is now known as the Kraka field.
The terms for the sole concession of 1962 have been changed through agreements between A.P. Møller and the Danish government, and this has resulted in a gradual acreage release to the state. The areas released have formed the basis for granting new licences through licensing rounds. So far, six licensing rounds have been held in Denmark during the period from 1984 to 2006.
As the Danish state oil and gas company, the North Sea Fund is participating in exploration for oil and gas in Denmark in all licences granted after June 2005.