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...
