Extension of Trym Field Production
Friday 24 March 2017
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to note the announcement from Maersk Oil today in relation the proposed redevelopment of the Maersk-operated Tyra production facilities in Denmark in 2019.
Faroe’s operated Trym field (Faroe 50%), which had been anticipated to come off stream in 2018, is now expected to produce until the end of 2019 at which point production will be suspended, pending redevelopment of the Tyra facilities which in turn is expected to be completed in 2022.
Tyra is Denmark’s largest gas field and the facilities are the processing and export center for all gas produced by the Danish Underground Consortium (DUC). More than 90% of Denmark’s gas production is processed through the facilities. The Tyra field is operated by Maersk Oil on behalf of the DUC, a partnership between A.P. Moller – Maersk (31.2%), Shell (36.8%), Nordsøfonden (20%) and Chevron (12.0%).