Maersk Oil in massive Tyra investment

Denmark

COPENHAGEN, December 1, 2017 – Maersk Oil announced on Friday “the largest oil and gas project investment ever made in the Danish North Sea.”

Together with partners from the Danish Underground Consortium, Maersk will invest about DKK 21 billion (USD 3.35 billion) in the Tyra offshore field, extending the life of the field for the next 25 years, the company said in a statement.

“The full reconstruction of Tyra is vital to the development of the Danish North Sea oil and gas sector. Not just to Maersk Oil – but to many companies relying on Tyra as a central gas hub,” said Lars Lilleholt, Denmark’s energy minister.

The Danish Underground Consortium consists of A.P. Moller – Maersk (31.2%), Shell (36.8%), Nordsøfonden (20%) and Chevron (12%).