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.[1]
Strategic Significance
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.[1]
Companies Involved
Danish Underground Consortium (DUC) comprising A.P. Moller–Mersk joint venture (31.2%), Shell (36.8%), Nordsøfonden (20%) and Chevron (12%).[1]
Potential ESG Risks
Corruption
Labour Rights
Indigenous Rights
NGO's Involved
Local Opposition
Status of Project
Infrastructure
Domestic Political Situation
Project Economics
Tax Revenues
International Dynamics
Financing
Articles and resources
References
- ↑ 1.0 1.1 1.2 "Tyra Gas Field Redevelopment," Offshore Technology, accessed August 2018
