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SHEL Shell Plc

2,625.00
12.00 (0.46%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shell Plc LSE:SHEL London Ordinary Share GB00BP6MXD84 ORD EUR0.07
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  12.00 0.46% 2,625.00 2,627.50 2,628.50 2,636.50 2,613.00 2,624.00 11,155,529 16:35:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 316.62B 19.36B 2.9804 8.82 170.68B

Maersk Oil: Production Starts at Unmanned Platform in Danish North Sea

31/03/2015 7:51am

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Shell (LSE:SHEL)
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   By Dominic Chopping 
 

Maersk Oil, the oil and gas unit of Danish conglomerate AP Moller-Maersk A/S (MAERSK-A.KO), said Tuesday that production has started from the new unmanned platform Tyra Southeast-B in the Danish North Sea.

The platform is expected to add reserves of 50 million barrels of oil equivalent (BOE) over the next 30 years to Danish production, it said.

The new platform, located 220 kilometres off Denmark's west coast, will produce a mixture of oil and gas and is expected to deliver 20 million barrels of oil and 170 billion standard cubic feet of gas, combined reserves and resources of 50 million BOE, with peak production in 2017 of 20,000 BOE a day.

Total investment in the Tyra Southeast expansion is DKK4.5 billion.

-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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