Tyra Field Redevelopment
Reserves and CO2 Emissions
The Tyra Gas Field Redevelopment project, estimated at $3.34 billion, is aimed at extending the operational life of the Tyra gas field by at least 25 years. The project will begin producing 60,000 barrels of oil equivalent per day (BOED) in July 2022 and the total potential is 129 million barrels of oil equivalents from the Sole Concession Area alone. Tyra will produce 200 million BOE. The output will be 2/3 gas, and 1/3 oil.
This is the largest investment ever made in the Danish North Sea. In addition to its own production, it will enable further discoveries of the Danish North Sea, which has 3 billion barrels of oil and gas.
Danish Underground Consortium (DUC) comprising A.P. Moller–Mersk joint venture (31.2%), Shell (36.8%), Nordsøfonden (20%) and Chevron (12%).
Potential ESG Risks
Status of Project
Domestic Political Situation
Articles and resources
- "Tyra Gas Field Redevelopment," Offshore Technology, accessed August 2018