COPENHAGEN, Denmark – Maersk Oil and its partners in the Danish Underground Consortium (DUC) have approved expansion of the Tyra Southeast development in the Danish North Sea.
The $800-million investment is DUC’s largest for a new offshore project since Halfdan Phase 4 in 2007. It covers construction and installation of a new platform, subsea pipelines, and development drilling.
Danish contractor Bladt Industries will build the jacket and topsides, with installation scheduled for end-2014, followed by first oil early in 2015. After installing the platform, Maersk plans to drill 12 wells during 2015-2017. Each of the horizontal wells will be around 6 km (19,685 ft) long.
At peak in 2017, the new facilities should deliver around 20,000 boe/d. Total production over a 30-year period is estimated at 20 MMbbl of oil and 170 bcf of gas.
DUC comprises A.P. Møller - Mærsk (31.2%), Shell (36.8%), Nordsøfonden (20%), and Chevron (12.0%).