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 of existing and construction of new facilities, with the remainder for decommissioning and removal.
The Mærsk press release noted:
"Tyra is the centre of Denmark’s national energy infrastructure, processing 90% of the nation’s gas production.
Through new development projects and third party tie-ins, the redevelopment of Tyra can be a catalyst for extending the life of the Danish North Sea – not just for Maersk Oil and the DUC, but also for Denmark."
"The new infrastructure can enable operators to pursue new gas projects in the northern part of the North Sea, where the most recent development, Tyra Southeast, delivered first gas in 2015 and is producing above expectations."
"The redeveloped Tyra is expected to deliver approximately 60.000 barrels of oil equivalent per day at peak, and it is estimated that the redevelopment can enable the production of more than 200 million barrels of oil equivalent. Approximately 2/3 of the production is expected to be gas and 1/3 to be oil."
The redevelopment has received government approval and will commence in 2019 with the field being shut-in between November 2019 and Summer 2022 for the works to take place.
