Maersk Oil starts production from new platform in Danish North Sea

COPENHAGEN, Denmark -- Maersk Oil has started production from the new unmanned platform Tyra Southeast-B, the company reported Tuesday. The platform is expected to add reserves of 50 MMboe over the next 30 years to Danish production.

Maersk Oil CEO, Jakob Thomasen, said, “The Tyra Southeast extension is a great example of how we extract value from the Danish North Sea by combining intricate knowledge, long-term investments and the right technical capabilities. Over the next three decades, the new platform will add both oil and gas to our production.”

The drilling of the first well commenced in December 2014 from Ensco 72. From this well alone, production is expected to be 2,600 boed. The plan is to drill a total of 8-12 horizontal wells during 2015-2017 with each well being about 6 km long.

“In total, the Danish Underground Consortium has invested DKK 4.5 billion ($650 million) and it is exactly such investments that are needed to secure future Danish oil and gas production,” said Martin Rune Pedersen, managing director of Maersk Oil's Danish Business Unit, the operator of the Danish Underground Consortium (DUC).

The new platform, located 220 km off Denmark’s west coast, will produce a mixture of oil and gas and is expected to deliver approximately 20 MMbbl of oil and 170 Bcfg, combined reserves and resources of 50 MMboe, with peak production in 2017 of 20,000 boed.

DUC is the partnership between A.P. Møller - Mærsk (31.2%), Shell (36.8%), Nordsøfonden (20%) and Chevron (12.0%).