Maersk Oil cease production from Tyra gas field

Maersk OilMaersk Oil announced that will cease production from Tyra gas field since October 1, 2018. The company released that the economically viable solution for full recovery of the remaining resources in gas field in the Danish North Sea has not yet been identified, which lead the company do discontinue development of the project and ceasing the production. Maersk Oil invested more than 1 billion DKK (140 million USD) into the Tyra structures over the past 15 years, but according to the company estimates the production cannot continue due to new knowledge on storm wave impact and subsidence of the underground chalk reservoir, which reduces the gap between the platforms and the sea, causing environmental and economy danger for the company.

“Tyra has since 1984 been the main hub for gas production and processing in the Danish North Sea. The Tyra facilities are approaching the end of their operational life, and together with our partners in DUC we have assessed solutions for safe decommissioning and possible rebuilding of the Tyra facilities”, said the Chief Operating Officer of Maersk Oil, Martin Rune Pedersen. “We have not yet found an economically viable solution for full recovery of the remaining resources in the Tyra field, and safe decommissioning of Tyra will therefore be commenced with the perspective of ceasing production on 1 October 2018. In January 2017 we will have to reallocate resources from Tyra rebuild planning to engineering work for a detailed plan to discontinue the Tyra field as the Danish hub for gas processing”, added he.

Tyra is the largest gas field in Denmark, providing more than 90% of gas production in the country. The field is operated by Maersk Oil on behalf of the DUC, a partnership between A.P. Moller – Maersk (31.2%), Shell (36.8%), Nordsofonden (20%) and Chevron (12.0%).