Maersk Agrees With Danish State On Tax Deal For North Sea Oil

Reuters

COPENHAGEN, March 1 (Reuters) - A.P. Moller-Maersk has agreed with the Danish state on terms for a new framework agreement regarding exploration and production of oil and gas in the North Sea, Berlingske daily reported on Wednesday, citing anonymous sources.

Maersk Oil had asked authorities for tax relief in order to proceed with an upgrade of the maturing Tyra field, Denmark's largest gas field, or it would cease operations permanently.

An anonymous source said the Tyra field would be reconstructed "fully".

(Reporting by Stine Jacobsen; Editing by Jacob Gronholt-Pedersen)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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