Denmark’s largest gas field to cease production by 2018

Posted by on January 5, 2017 2:52 am
Categories: Business

Linus Unah – Fourth Estate Contributor

Copenhagen, Denmark (4E) – Danish energy company Maersk Oil has said it will stop production at Denmark’s largest gas field.

The oil company, a subsidiary of A. P. Moller-Maersk Group, said that it will shut down productions at the Tyra field in the North Sea by October 1st , 2018, citing lack of a viable economic solution for the full recovery of the remaining resources in the field.

Tyra is Denmark’s largest gas field and more than 90 percent of the country’s gas production is processed through the facilities.

Maersk Oil operates the field on behalf of the Danish Underground Consortium, a joint venture with Shell, Chevron and the Danish state-owned company Nordsøfonden .

“Tyra has since 1984 been the main hub for gas production and processing in the Danish North Sea,” Martin Rune Pedersen, Maersk Oil’s chief operating officer, said in a statement.

“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.”

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