1qUNP30

22 Global activities
Global activities
23
Denmark
Maersk Oil is the operator of all licences held by A.P. Moller - Maersk in Denmark.
The biggest partnership is the Danish Underground Consortium (DUC) where
85% of the oil and 97% of the gas export in the country stems from. This adds an
important contribution to Denmark’s economy, energy supply and employment.
Tyra Southeast extension
MAJOR MILESTONES
First oil production came from the Dan field in 1972. Since then,
14 other fields have been brought on stream: Gorm, Skjold, Tyra,
Rolf, Kraka, Dagmar, Regnar, Valdemar, Svend, Roar, Harald, Lulita,
Halfdan and Halfdan Northeast. A third-party field, Trym, in the
Norwegian North Sea, has been tied-in to Harald’s infrastructure.
DEVELOPMENT
Development projects include the extension of the Tyra
Southeast platform which is an investment of USD 800 million
and thus, it is the largest investment made by DUC since the
approval of the Phase IV development of Halfdan in 2007.
EXPLORATION
Studies and geological/geophysical assessments have led to
the maturation of several opportunities. In 2014, Maersk Oil and
the partners expect to drill three exploration wells.
MAERSK OIL ADDED VALUE
The oil and gas reservoirs in the Danish North Sea are
characterised by high-porosity, low-permeability chalk. The
production peaked in 2005 and has since been on a natural
decline. In 2013, Maersk Oil produced 225,800 barrels of oil
equivalent a day in Denmark.
Faced with the difficulty of extracting oil and gas from tight chalk
reservoirs, Maersk Oil has developed technological solutions
which have raised the recovery factor from 5% to 30%. One
example is the company’s cutting-edge expertise in extended
reach horizontal drilling and well stimulation techniques.
Total production, boe
50 mio
Overview*
Date of entry 1962
First oil 1972
Acreage total 2,122 km 2
Acreage operated 2,122 km 2
Licences total 3
Licences operated 3
Production, 2013 total
225,800 boed
Production, 2013 operated
225,800 boed
North Sea
BERGEN
STAVANGER
Norway
OSLO
Denmark
Sweden
COPENHAGEN
In 2013, Maersk Oil and the partners in Danish Underground
Consortium approved an USD 800 million investment in a
new wellhead platform in the Tyra Southeast field. It is the
kind of investment needed to secure the future of Danish
oil and gas production and is contributing positively to
Denmark’s economy and employment.
The platform has space for 16 wells and will be connected
to the existing Tyra Southeast platform with a bridge.
Production will commence in 2015, and over the next
30 years it is expected that some 50 million barrels of oil
equivalent will be extracted.
TYRA SOUTHEAST FACTS
Licence:
Sole Concession
Location:
220 km west of Esbjerg
Water depth:
38 m
Production start: 2015
Being built in:
Denmark
Production:
Mixture of oil and gas
Peak production:
2017 with 20 thousand barrels of
oil equivalents per day
Reserves and resources: Combined approx. 50 million
barrels of oil equivalents
Production, 2013 equity
71,000 boed
ESBJERG
Production, 2013 entitlement
70,000 boed
Fields total 15
Fields operated 15
Development projects 3
Exploration and appraisal wells, 2013 total 1
Germany
Exploration and appraisal wells, 2013 operated 1
United
Kingdom
Holland
* See notes on page 81