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Denmark’s Tyra gas field scheduled to restart in March

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Dividend added to paragraph 5, background added to paragraphs 6-9.

Oslo, February 20 (Reuters)Denmark’s Tyra natural gas field is on track to resume production by the end of March, Blue Nord reported. BNOR.OLPartner of TotalEnergies TTEF.PA– Operated Development is progressing, he said Tuesday.

danish maximum The field, which was temporarily closed for redevelopment in 2019, is expected to produce 2.8 billion cubic meters (bcm) of gas annually, more than the country will consume in 2023, Total Energy said. Ta.

Denmark currently dependent on gas imports to resumeNG Tyra will once again make the country self-sufficient and a net exporter of natural gas.

The field is expected to undergo a four-month start-up phase and reach production levels in mid-2024. Norwegian Bluenord said.

Blue Nord said in a statement that the first dividend payment is scheduled for the third quarter of 2024. Successful reboot Tira, and From 2024 By 2026, 50% to 70% of operating cash flow will be paid out.

TotalEnergies operates Tyra on behalf of the Danish Underground Consortium (DUC), in which the French group holds a 43.2% stake. Bluenord owns 36.8%, and Danish state-owned Nordsofonden owns the remaining 20%.

After more than 30 years of production, Tyra was shut down after the seabed sank several meters beneath the platform.

As part of a redevelopment project called Tyra II, old equipment was replaced with new ones. leg Parts of that platform have been expanded.

Before its closure, Tyra served as a processing and export hub for more than 90% of the gas produced in Denmark’s North Sea sector.

(Reporting by Nerijus Adomaitis and Terje Solsvik; Editing by Louise Rasmussen and Sonia Cheema)

((nerijus.adomaitis@thomsonreuters.com; +47 9027 6699; Reuters Messaging: nerijus.adomaitis.thomsonreuters@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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