BlueNord today announced that the Tyra Redevelopment Project in the late hours on 21 March 2024 successfully reached an important milestone with the safe restart of production.

Since the acquisition of Shell’s upstream assets in Denmark in 2019, the Tyra Redevelopment Project has been the key focus for the Company and its partners in the Danish Underground Consortium (the “DUC”), and first production from Tyra II marks a true inflection-point for BlueNord and its stakeholders. 

The Tyra Redevelopment Project is, to date, the largest project carried out on Danish Continental Shelf with the fabrication and installation of eight new platform topsides. With production from Tyra, Denmark will not only be self-sufficient but also a net-exporter of natural gas to Europe. The production from the new Tyra facilities is expected to more than double BlueNord’s net production to over 50 mboepd by the end of 2024 and unlock gross reserves of more than 200 mmboe. In addition, redeveloped Tyra will significantly decrease field opex and emissions intensity, and at the same time extend its field life by 25 years, only constrained by the 2042 license expiry. 

“With restart of production today, the most important Tyra Redevelopment milestone has been achieved. I would like to thank TotalEnergies and the Tyra Project team for their commitment to the project and for safely restarting the production on Tyra. Focus is now on bringing the Tyra fields and satellites Valdemar, Roar, Harald and Svend on production through one of the most advanced and efficient offshore gas installations in the world,” said Marianne Eide, Chief Operating Officer of BlueNord.

 “We are delighted to announce the restart of production from Tyra, marking a significant milestone in a journey that began for us nearly five years ago when we became a partner in the DUC. The successful delivery of this project is a monumental accomplishment that is a testament to the commitment, resilience, and perseverance of all parties involved, not only at BlueNord but also at TotalEnergies and Nordsøfonden. With a ramp-up that is expected to last four months, Tyra will shortly be a key supporter of energy security in the region, transforming Denmark from a net importer to a net exporter of natural gas and supporting the European Union in a manner that compares favourably to imported LNG. For BlueNord, this moment represents the beginning of a new journey: one that will see us more than double our production and, with the benefit of significantly increased free cash flow generation, fulfil our longstanding commitment to shareholder distributions. Today we celebrate not only a major accomplishment but also the bright future that Tyra will help us deliver for all our stakeholders,” said Euan Shirlaw, Chief Executive Officer of BlueNord.

Tyra

The Tyra Field was discovered in 1968 and production started in 1984. Its facilities process more than 90 percent of the gas produced in Denmark, as well as the entire gas production of the DUC.

The Tyra field consists of 2 main process centers, Tyra East and Tyra West, which are linked to 5 unmanned satellite fields, including Tyra Southeast, Harald, Valdemar, Svend and Roar. The gas is exported to shore and the oil is exported to Gorm E. The Tyra East and West comprises 11 platforms and due to subsidence, the field is currently being redeveloped. 

The Tyra Redevelopment project is, to date, the largest project carried out on the Danish Continental Shelf, and is expected to increase net production by 90 percent and unlock gross reserves in excess of 200 mmboe. Redeveloped Tyra will decrease OPEX significantly and lower emissions at the field by 30 percent. In addition, the completed project will extend field life by 25 years and produce enough gas to power what equals to 1.5 million homes in Denmark

In 2016, The Danish Underground Consortium announced its plan to cease production from the Tyra gas field by the end of 2019 and to redevelop the field infrastructure. The Tyra hub required redevelopment due to compaction of the chalk reservoir, where the seabed has subsided by 6 metres over a period of 30 years of production. The redevelopment project was necessary to ensure that both crew and equipment are safe, as well as maintaining an efficient level of production. The final investment decision was made in December 2017, following the approval by the Danish authorities. The execution of the project is both a global and local effort. In addition to fabricating installations in both Europe and Asia, project efforts are being executed locally in Esbjerg and offshore in the Danish North Sea. The scope of the project includes removing old facilities, modifying existing ones, and installing new features. The 2 existing process and accommodation platforms will be replaced by 1 new process platform and 1 new accommodation platform. The 4 wellhead platforms and 2 riser platforms will have their jackets extended by 13 meters and the current topsides will be replaced.

KeyFacts Energy: BlueNord Denmark country profile