Saudi Arabia - joining the dots

A series of blog entries exploring Saudi Arabia's role in the oil markets with a brief look at the history of the royal family and politics that dictate and influence the Kingdom's oil policy

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Showing posts with label DUC. Show all posts
Showing posts with label DUC. Show all posts

Friday, 1 December 2017

Breathing new life into Tyra

Friday, December 01, 2017  , , , , , , ,  No comments

The Danish Underground Consortium ("DUC") has approved an investment of DKK21 billion (USD3.4 billion) for the full redevelopment of the Tyra field. DUC members are Total/Mærsk (31.2 %), Shell (36.8 %), Chevron (12 %) and Nordsøfonden (20 %). The development will ensure continued production from Denmark's largest field for years to come and will also rejuvenate important Danish offshore infrastructure. About 80% of the investment will be for modification...

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Monday, 26 September 2016

Support for the Danish DUC

Monday, September 26, 2016  ,  13 comments

On Wednesday 21st September Lars Christian Lilleholt, the Danish energy minister said that the government is determined to find an economically viable solution that will allow the Trya complex to continue production. This follows Maersk Oil’s announcement in April that it would cease production at the Tyra complex if no solution to extend its economic life during 2016. The Tyra complex is operated by Maersk Oil on behalf of the DUC, a partnership...

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