Nordsøfonden's oil and gas production

Since 2012, Nordsøfonden has produced oil and gas in the Danish part of the North Sea. Nordsøfonden is partner in 16 producing fields.

Nordsøfonden's oil production 2012-2020

The declining trend since 2012 is mainly due to a natural decline in recovery from the fields, as the majority of fields have already produced the bulk of the expected recoverable oil. In addition, these aging fields require more maintenance of wells, pipelines and platforms. This maintenance work often causes a loss or delay in production.

The large decline in production from 2019 to 2020 is also due to the temporarily shut down of the Tyra field's installations and the nearby satellite fields in September 2019. The shut-down is due to the Tyra field redevelopment project. Production from the Tyra installations is expected to resume in 2023 and this will increase the oil production.

Nordsøfonden's gas production 2012-2020

Gas production has been relatively stable since 2012, and the small declining trend is due to a natural decline in production. In 2020, however, gas production was more than halved compared to production in 2019. The decline is due to the temporary shut-down of the Tyra field installation in September 2019. Production from Tyra field installation is expected to be resume in 2023, and this will lead to a is significant increase in gas production.

The graph shows exported gas.

 

Nordsøfonden's share of fuel and flare 2012-2020

A part of the gas production is used as fuel in gas turbines on the platforms, and a small part of the gas is flared without use for technical and safety reasons.