Splash 247

Denmark’s largest gas field to close

Denmark’s largest gas field to close

Array
(
    [0] => WP_Term Object
        (
            [term_id] => 70
            [name] => Europe
            [slug] => europe
            [term_group] => 0
            [term_taxonomy_id] => 70
            [taxonomy] => category
            [description] => Stay updated on what's going on in Europe by browsing the European region news archive. Find the latest maritime, offshore and shipping news on Splash 24/7.

Find here the updated list of the latest news about the European region. Browse Splash 24/7 for more maritime and shipping news.
            [parent] => 55
            [count] => 5253
            [filter] => raw
            [cat_ID] => 70
            [category_count] => 5253
            [category_description] => Stay updated on what's going on in Europe by browsing the European region news archive. Find the latest maritime, offshore and shipping news on Splash 24/7.

Find here the updated list of the latest news about the European region. Browse Splash 24/7 for more maritime and shipping news.
            [cat_name] => Europe
            [category_nicename] => europe
            [category_parent] => 55
        )

    [1] => WP_Term Object
        (
            [term_id] => 59
            [name] => Gas
            [slug] => gas
            [term_group] => 0
            [term_taxonomy_id] => 59
            [taxonomy] => category
            [description] => This is the Splash 24/7 archive related to the gas sector news coming from all over the world. News are sorted by release date, from the latest to the oldest. 

Get the updated list of the latest news about gas and logistics. Browse Splash 24/7 for more maritime and shipping news.

            [parent] => 54
            [count] => 660
            [filter] => raw
            [cat_ID] => 59
            [category_count] => 660
            [category_description] => This is the Splash 24/7 archive related to the gas sector news coming from all over the world. News are sorted by release date, from the latest to the oldest. 

Get the updated list of the latest news about gas and logistics. Browse Splash 24/7 for more maritime and shipping news.

            [cat_name] => Gas
            [category_nicename] => gas
            [category_parent] => 54
        )

    [2] => WP_Term Object
        (
            [term_id] => 60
            [name] => Offshore
            [slug] => offshore
            [term_group] => 0
            [term_taxonomy_id] => 60
            [taxonomy] => category
            [description] => Stay updated on what's going on in the offshore industry by browsing the offshore news archive. Find the latest maritime and shipping news on Splash 24/7.

Read the latest news about offshore. Browse Splash 24/7 for more maritime and shipping news.

            [parent] => 54
            [count] => 3667
            [filter] => raw
            [cat_ID] => 60
            [category_count] => 3667
            [category_description] => Stay updated on what's going on in the offshore industry by browsing the offshore news archive. Find the latest maritime and shipping news on Splash 24/7.

Read the latest news about offshore. Browse Splash 24/7 for more maritime and shipping news.

            [cat_name] => Offshore
            [category_nicename] => offshore
            [category_parent] => 54
        )

)

Maersk Oil has announced it will shut Denmark’s largest gas field. Maersk Oil said in a release today that “an economically viable solution for full recovery of the remaining resources in the Tyra field has not yet been identified, and that production from the Tyra field is consequently expected to cease 1 October 2018”.

Tyra has since 1984 been the main hub for gas production and processing in the Danish North Sea.

Despite more than DKK1bn spent on reinforcing the Tyra structures over the past 15 years, Maersk Oil said the facilities cannot safely continue production due to new knowledge on storm wave impacts, combined with subsidence of the underground chalk reservoir which reduces the gap between the platforms and the sea.

More than 90% of Denmark’s gas production is processed through the Tyra facilities. The Tyra field is operated by Maersk Oil on behalf of the DUC, a partnership between A.P. Moller – Maersk (31.2%), Shell (36.8%), Nordsøfonden (20%) and Chevron (12.0%).

Share this article

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts

1 Comment

  1. Andrew Craig-Bennett
    December 30, 2016 at 3:26 pm

    Ah…

    Anyone who has tried to puzzle out the cash flows in AP Moller-Maersk over the past thirty years will be drawing their own conclusions about Soren Skou’s recent statements.