Oil & Gas

Noreco sees uncertainty about Tyra fading

Oil firm Noreco expects the Tyra redevelopment to stay on budget, even though the field is delayed by nearly a year. CEO David Cook feels increasingly certain about the key project but doesn't reject force-majeure measures.
The Covid crisis has impacted major planning efforts preceding the redevelopment of the Tyra field, affecting Total, Nordsøfonden and Noreco, which share ownership of the project. | Photo: Total
The Covid crisis has impacted major planning efforts preceding the redevelopment of the Tyra field, affecting Total, Nordsøfonden and Noreco, which share ownership of the project. | Photo: Total
by MATHIAS JULIUS FALKENGAARD

The parties in the Danish Underground Consortium (DUC) have gained a better view of and opportunity to control the Tyra project after opting to postpone first gas from July 2022 to June 2023.

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