Maersk Oil, partners to invest $3.4 B in North Sea gas field Tyra
12/1/2017
COPENHAGEN (Reuters) — Maersk Oil, part of Denmark's A. P. Moller-Maersk, and its partners in the Danish Underground Consortium (DUC) have decided to invest $3.36 B in redeveloping the Tyra gas field in the North Sea.
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| Photo courtesy of Maersk Oil. |
The investment, the largest ever in the Danish part of the North Sea, will enable Tyra to continue operations for at least 25 yr, and to deliver around 60,000 boed at its peak, Maersk Oil said.
France's Total agreed in August to buy Maersk's oil and gas business in a $7.45 B deal.
The other partners in DUC are Shell, Chevron and Denmark's state-owned Nordsofonden.
Reporting by Teis Jensen. Editing by Jane Merriman
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