The oil and gas company Maersk Oil and its partners in the Danish Underground Consortium (DUC) will invest DKK21bn (approximately €2.8bn) to redevelop the Tyra gas field in the North Sea (Denmark). The Tyra facilities are currently approaching the end of their operational life and cannot safely continue production. The investment will enable Tyra to continue operations for another 25 year period at least and to deliver about 60 mb/d at its peak. The redevelopment process will allow the production of more than 200 mboe, of which 2/3 of gas and 1/3 of oil.
The Tyra field is Denmark’s largest gas field and the facilities are the processing and export centre for all gas produced by the DUC. More than 90% of Denmark’s gas production is processed through the facilities. It 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%)
Maersk Oil was acquired by Total in August 2017 in a US$7.45bn deal.