Following an agreement between Denmark and Maersk Oil which enables a full redevelopment of the Tyra field in the Danish North Sea, production from the Faroe-operated Trym field off Norway will not cease next year as it had been previously expected.
Earlier on Thursday, Maersk Oil informed about the agreement with the government of Denmark which will facilitate future oil and gas investments in the Danish North Sea.
The agreement enables Maersk and its partners to progress a full redevelopment plan for the Tyra offshore facilities towards a decision to invest in the project by the end of 2017. Prior to the agreement, Maersk had said that Tyra would stop producing late in 2018 and facilities would be decommissioned.
The redevelopment of the Tyra facilities also means that Faroe’s Trym, located in the North Sea offshore Norway close to the border with Denmark, is getting a lifetime extension.
Namely, the Trym field produces gas and condensate from two production wells via a subsea tieback to the Harald facilities in the Danish North Sea. The gas is exported to Denmark via the Danish Underground Consortium (DUC) infrastructure system, which includes the Tyra platforms.
According to Faroe’s statement later on Thursday, the Trym field, which had been anticipated to come off stream in 2018, is now expected to produce until the end of 2019. At this point, production will be suspended pending redevelopment of the Tyra facilities, which in turn is expected to be completed in 2022.
Faroe bought the 50% interest in the Trym field last December together with interests in the Ula, Tambar, Tambar East Unit, and Oselvar from Dong Energy’s Norwegian subsidiary. The company then received consent from the Norwegian authorities to use the facilities and connected pipelines for the Oselvar and Trym fields.
Tyra is Denmark’s largest gas field and the facilities are the processing and export center for all gas produced by the DUC. More than 90% of Denmark’s gas production is processed through the facilities.
Offshore Energy Today Staff