Arab Today, arab today maersk considering shutdown of north sea gas production
Last Updated : GMT 15:46:06
Arab Today, arab today
Arab Today, arab today

Maersk considering shutdown of North Sea gas production

Arab Today, arab today

Arab Today, arab today Maersk considering shutdown of North Sea gas production

gas production
Copenhagen - XINHUA

The Danish oil and shipping giant Maersk has said it could shut down nearly all of its gas production in the North Sea within years thanks to the low oil prices, local media reported on Monday.

The company was cited by local newspaper The Copenhagen Post as saying that it is considering a complete closure by 2018 if a more financially viable solution is not found for North Sea production this year.

"Together with our partners in Danish Underground Consortium (DUC) we are now evaluating long-term economically viable solutions for the recovery of the remaining resources," Martin Rune Pedersen, the managing director of Maersk Oil Denmark, said in a press release.

"As part of this, we will consider the terms under which a rebuilding of the facilities could take place," Pedersen added.

The concern is the infrastructure at the Tyra East and West fields in the North Sea, according to the newspaper. The fields have been in production for over 30 years.

DUC has invested over 1 billion Danish kroner(150 million U.S. dollars) in infrastructure in the Tyra fields over the past 15 years.

Tyra is Denmark's largest gas field and it produces about 90 percent of all Danish gas.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today maersk considering shutdown of north sea gas production Arab Today, arab today maersk considering shutdown of north sea gas production

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today maersk considering shutdown of north sea gas production Arab Today, arab today maersk considering shutdown of north sea gas production

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday