Maersk Oil Threatens to Shut Down Tyra Field in 2018
Maersk Oil announced Monday that production from Tyra East and Tyra West in the Danish North Sea will cease on October 1, 2018, if an “economically viable solution” for continued operations is not identified during this year.
The Tyra facilities are approaching the end of their operational life due to a combination of more than 30 years of production and subsidence of the underground chalk reservoir, reducing the gap between the facilities and the sea. Over the last 15 years the Danish Underground Consortium (DUC) has spent more than DKK 1 billion ($152.8 million) on reinforcing the structures to prolong production.
Maersk Oil Denmark Managing Director Martin Rune Pedersen said in a company statement:
“Together with our partners in DUC we are now evaluating long term economically viable solutions for recovery of the remaining resources. As part of this, we will consider the terms under which a rebuild of the facilities could take place. The basis for a decision needs to be in place by the end of 2016 to ensure future production from the field.”
Tyra is Denmark’s largest gas field and the facilities are the processing and export centre for all gas produced by DUC. The Tyra field is operated by Maersk Oil on behalf of the DUC, a partnership between A.P. Moller – Maersk (31.2 percent), Shell (36.8 percent), Nordsøfonden (20 percent) and Chevron (12 percent).
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