Spend over the past 15 year reinforcing the Tyra field

 

1 Billion DKK

Still to be extracted in Denmark

Source: Danish Energy Agency

1.4 Billion BOE
barrels of oil equivalent

Paid to the Danish state so far

Source:Oil Gas Danmark

>400 Billion DKK

In 2017 Maersk Oil, on behalf of the Danish Underground Consortium (DUC), reached an agreement with the Government of Denmark which will facilitate future oil and gas investments in the Danish North Sea and protect industry jobs in Denmark, and crucially provides the terms that enable the DUC partners to progress a full redevelopment plan for the Tyra facilties. The agreement is subject to approval in the Danish Parliament and a decision to invest in the project by the end of 2017.

Since 1984, Tyra has been at the centre of Denmark’s national energy infrastructure, processing 90% of the nation’s gas production.

The Tyra field requires redevelopment due to subsidence of the chalk reservoir which has led to the platforms sinking by around 5 metres in the last 30 years.

This has reduced the gap between the sea and the platform decks. As a result, investment is required if the Tyra complex is to continue producing safely into the next decade.

A full redevelopment will restore the current infrastructure, including the gas processing hub and five surrounding satellite fields which include Harald and Valdemar and thereby ensure continued production from the Tyra field. Furthermore the new asset could enable future production of oil and gas volumes from the DUC license area as well as third party projects.