Denmark's Tyra gas field starts production, TotalEnergies says (updated)

Bluenord ASA

22/03/2024 08:48

(Adds detail from statement in paragraph 2, background from
paragraph 3)
       PARIS, March 22 (Reuters) - 
    TotalEnergies  TTEF.PA  has restarted production at
Denmark's Tyra natural gas field, the country's largest, after
it was temporarily closed for redevelopment in 2019, the French
oil group said on Friday. 
  
        The redeveloped field, called Tyra II, will produce 5.7
million cubic meters of gas and 22,000 barrels of condensate per
day when it reaches full capacity late this year, TotalEnergies
said in a statement.
  
        Denmark currently depends on imports of gas but full
production at Tyra would again make the country self-sufficient
and a net exporter of natural gas.
  
        Prior to its shutdown, Tyra served as a processing and
export hub for more than 90% of gas produced from the Danish
sector of the North Sea.
  
        Production was halted after the seabed had sunk several
metres under Tyra's platforms during more than 30 years of
production.
  
    TotalEnergies operates the Tyra field, expected to produce
2.8 billion cubic meters (bcm) of gas per year, on behalf of the
Danish Underground Consortium. TotalEnergies owns a 43.2% stake
in this, while the company BlueNord  BNR.OL  has 36.8% and
Danish state-owned Nordsoefonden owns 20%.

    

 (Reporting by Sudip Kar-Gupta and Nerijus Adomaitis
Editing by Shri Navaratnam and Anna Ringstrom)
 ((sudip.kargupta@thomsonreuters.com;))