Maersk Oil Commences Production from New Platform in Danish North Sea

Maersk Oil commences production from a new unmanned platform Tyra Southeast-B in the Danish North Sea.

Maersk Oil commenced production from a new unmanned platform Tyra Southeast-B in the Danish North Sea, with the platform expected to add 50 million barrels of oil equivalent (MMboe) of reserves over the next 30 years to Danish production.

“The Tyra Southeast extension is a great example of how we extract value from the Danish North Sea by combining intricate knowledge, long-term investments and the right technical capabilities. Over the next three decades, the new platform will add both oil and gas to our production. This is an important step in Maersk Oil’s growth journey and it demonstrates that Denmark continues to be a core area for us,” said Maersk Oil CEO Jakob Thomasen.

Drilling of the first well, which is projected to flow 2,600 barrels of oil equivalent per day (boepd), commenced in December 2014 with the jackup Ensco 72 (225' ILC). Maersk Oil plans to drill a total of 8-12 horizontal wells between 2015 and 2017.

“We are excited to see first production which will contribute positively to Maersk Oil’s total volumes ... In total, the Danish Underground Consortium (DCC) has invested $646.6 million (DKK 4.5 billion) and it is exactly such investments that are needed to secure the future Danish oil and gas production,” said Martin Rune Pedersen, managing director of Maersk Oil Danish Business Unit, the operator of the DUC.

The new platform, located 137 miles off Denmark’s west coast, will produce around 20 million barrels of oil and 170 billion standard cubic feet of gas, with peak production of 20,000 boepd in 2017.

Partners in the DUC are A.P. Moller - Maersk (31.2 percent), Shell (36.8 percent), Nordsofonden (20 percent) and Chevron (12.0 percent).

MUST READ

Wood Mac: Demise of Unconventional Oil 'Exaggerated'

-Karen Boman

Offshore to Office: Transitioning from a Rig to Office in Oil, Gas

-Valerie Jones

Drilling Activity to Rebound in 2016 after Exploration Cuts this Year

- Jon Mainwaring