You are using an older browser version. Please use a supported version for the best MSN experience.

Maersk: Denmark's largest gas field is to close next year

Associated Press logo Associated Press 30/12/2016

COPENHAGEN, Denmark — Danish conglomerate Maersk Group says Denmark's largest natural gas field is to close next year because the Tyra facilities in the North Sea "are approaching the end of their operational life."

Maersk Oil executive Martin Rune Pedersen says the company "cannot safely continue production" despite reinforcements made over the past 15 years.

Pedersen said Friday no economically viable solution for continued operations has been found for the field that accounts for 90 percent of Denmark's annual natural gas production.

Maersk Oil operates the field, which opened in 1984, on behalf of British-Dutch oil multinational Shell and the Danish state, among others. Production is expected to cease Oct. 1.

image beaconimage beaconimage beacon