Maersk to shut Tyra field if no viable solution found by year end

[COPENHAGEN] AP Moller-Maersk's oil and gas unit said on Monday that production from its Tyra field in the Danish North Sea will cease on 1 October 2018, if an economically viable solution for continued operations is not identified during 2016.

Tyra is Denmark's largest gas field and more than 90 per cent of the country's gas production is processed through the facility.

The Tyra field is operated by Maersk Oil on behalf of the Danish Underground Consortium, a partnership between Maersk, Shell, Denmark's Nordsofonden and Chevron.

REUTERS