Danish Energy Agency downgrades oil and gas forecast

Delays at the Tyra field and cancellations of buildout plans serve to fuel pessimism on North Sea output, according to new report. ”We have done everything in our power,” says Tyra operator TotalEnergies.

Photo: Total

The output forecast for oil and gas in Denmark drops by 19% and 5%, respectively, compared to last year’s prognosis, according to a report just released by the Danish Energy Agency.

The downgrade for gas is tied to further delays of the Tyra field by another six months, meaning that the field is now expected to resume operation by early 2024 at the latest.

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