Maersk Oil, the Danish oil and gasoline firm owned by the A. P. Moller-Maersk Group, has introduced that it’s going to stop manufacturing from its Tyra discipline within the Danish North Sea in October 2018 if an economically viable answer for its continued operations shouldn’t be discovered throughout 2016.

The firm says the Tyra amenities are approaching the tip of their operational life on account of a mix of greater than 30 years of manufacturing and subsidence of the underground chalk reservoir, decreasing the hole between the amenities and the ocean.

The Tyra discipline is operated by Maersk Oil on behalf of the Danish Underground Consortium (DUC), a partnership between A.P. Moller – Maersk (31.2%), Shell (36.8%), Nordsøfonden (20%) and Chevron (12.0%). The discipline nonetheless holds important gasoline sources that stay to be extracted, and during the last 15 years DUC has spent greater than DKK 1 billion on reinforcing the buildings to extend manufacturing.

“Together with our partners in DUC we are now evaluating long term economically viable solutions for recovery of the remaining resources. As part of this, we will consider the terms under which a rebuild of the facilities could take place. The basis for a decision needs to be in place by the end of 2016 to ensure future production from the field,” says Martin Rune Pedersen, Managing Director for Maersk Oil Denmark.

Tyra is Denmark’s largest gasoline discipline and the amenities are the processing and export centre for all gasoline produced by the Danish Underground Consortium (DUC). More than 90% of Denmark’s gasoline manufacturing is processed by way of the amenities.

Tyra East and Tyra West are additionally the hub for a lot of smaller amenities within the Tyra discipline, which will likely be a part of the analysis. This contains the neighbouring unmanned facility, Tyra Southeast, which was prolonged in 2015.