Michael Borrell, Total’s senior vice president, North Sea and Russia, said, “Following the completion of the Maersk Oil acquisition, this deal is a great opportunity to further expand our presence on the Danish Shelf and increase our interest in an asset operated by Total”.
“We will further benefit from the ongoing redevelopment of the Tyra field. This new transaction demonstrates our commitment to the development of the DUC and to the expansion of Total’s presence in Denmark,” he added.
The consortium, which started production in 1972, currently operates 15 fields, all located in the Central Graben sector of the North Sea, covering around 90% of the Danish oil and gas production.
In 2017 the production averaged 182,000 barrels of oil equivalent per day (boe/d).