The Baltic Course  

North Sea Oil: challenges and profits
 The year 2004 started for oil extractors in northern Europe with good news, i.e. the price for crude oil has been at the level of 28 USD per barrel. For oil producers in the North Sea it’s going to be even higher: because of transportation additional costs, the price of oil is around 30-31 USD per barrel. With these high profits for oil businesses, some governments would like to check existing situation in oil and gas agreements, e.g. Danish government started to re-examine exiting accord with its main contractor, i.e. A.P.Moller-Maersk AS company involved in oil and gas extraction