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Danish finmin to report on North Sea oil negotiations with Maersk

Reuters - UK Focus

COPENHAGEN, March 22 (Reuters) - 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 (LSE: RDSB.L - news) , Chevron 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)