Production over many years has caused the ground to subside
Maersk Oil announced the largest-ever investment in the Danish portion of the North Sea today, redeveloping the country’s largest gas condensate field.

The Danish Underground Consortium, made up of Maersk (31.2%), Shell (36.8%), Nordsøfonden (20%) and Chevron (12%), approved the investment of 21 billion Danish Krone, or $3.35 billion in the Tyra field. Tyra has been around for decades, as it was discovered in 1968 and began production in 1984.

Source: Maersk Oil

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