Maersk Oil continues to slash its European field development plans. The Danish firm announced today 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 2016.
“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,” Maersk Oil said in a release.
Tyra is Denmark’s largest gas field and the facilities are the processing and export centre for all gas produced by the Danish Underground Consortium (DUC). More than 90% of Denmark’s gas production is processed through the 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%).
