Organisation

The Danish North Sea Fund was set up in 2005 as Denmark’s state-owned oil and gas company and is a partner in all newer Danish licences.

The North Sea Fund is organized in a line structure that reflects the oil and gas industry’s value chain from exploration through production to sale of oil and gas. The organizational model also reflects the Danish North Sea Fund’s main objectives.

To ensure fulfillment of the Fund’s main organizational objectives
• Creating maximum value
• Monitoring financial exposure and risk
• Optimize design and use of the fund's limited staff resources and
• Ensure targeted and efficient use of external support units,

the fund is divided into 4 teams working in a flat organization where many tasks are performed across the organization. Team Leaders for each team, together with the team solve and prioritize tasks in order to optimize risk management and value creation.

Main tasks

To be an active and competent player in work on present and future licences granted to the Danish North Sea Fund.

To create a qualified basis on which the Danish North Sea Fund can participate in the DUC from 2012.

To carry out a number of administrative tasks that support the two main tasks.

Goals

To be professional and efficient and always use available resources and skills optimally.

To sell the oil and gas of the Danish North Sea Fund in a professional manner in order to obtain the best possible price.

To create an administrative framework that ensures flexible and efficient management of tasks and meets external and political demands.