rss icon Subscribe
desktop mobile

Maersk Needs Quick Deal to Avoid Tyra Shut Down

Posted by Joseph Keefe

Carsten Sonne-Schmidt, chief financial officer of Maersk Oil, a unit of Danish conglomerate A. P. Moller-Maersk, told Reuters on a sidelines of an energy conference on Thursday:

  • Maersk Oil must have a deal with the Danish government "within a few months" to avoid shutting down Tyra platform, a source of about 90 percent of Danish gas
  • Sonne-Schmidt: "If we don't have a solution within a few month, then we will have to go ahead with the partial redevelopment of the field"
  • "We will be shutting the Tyra platform, but then tying some of the existing wells to other platforms"
  • "That means we will see a fast decline in gas production. We will not be able to supply Denmark with gas for decades"
  • Said the agreement with the government over "fiscal incentives" would allow to fully redevelop the Tyra field extending the production from the Tyra and nearby fields
  • "It's a win-win situation. Personally, as an economist, I'm optimistic," Sonne-Schmidt said about the prospects of reaching an agreement with the government" Further company coverage:

Reporting by Nerijus Adomaitis

Mar 16, 2017

 

Contracts

Global Ship Lease New Time Charter with CMA CGM

Photo: CMA CGM

Global Ship Lease (GSL), a containership charter owner, announced that it has agreed to a new

APL Renews Terminal Lease at Port of Kaohsiung

Photo: Port of Kaohsiung

An agreement was signed between American President Lines LLC, Taiwan Branch and Taiwan

Keel Laid for Hapag-Lloyd Cruises Expedition Ship

The next stage of construction for the second of the two new expedition ships for Hapag-Lloyd Cruises has been set in motion with a keel laying ceremony for the HANSEATIC

Energy

SEA-3250-LT: Innovation in Offshore Wind Installations

The SEA-3250-LT is a dedicated low CAPEX wind turbine installation solution for the emerging U.S. offshore wind market. (Image: GustoMSC)

GustoMSC is targeting the burgeoning U.S. offshore wind energy market with an innovative jack-up

Odfjell Divests Share in Singapore Tank Terminal

Odfjell Terminals B.V. has entered into an agreement with a fund managed by Macquarie Infrastructure and Real Assets to sell its 50 percent ownership in Oiltanking Odfjell

Dordrecht Inland Seaport to Get LNG Bunker Station

Photo: Port of Rotterdam

The Port of Rotterdam Authority wants a new multi-fuel bunkering station for refuelling with LNG

Maritime Apps