Page 13 - EurOil Week 36 2021

EurOil PROJECTS & COMPANIES EurOil

Denmark slashes gas forecasts

after Tyra delays

DENMARK DENMARK has slashed forecasts for natural gas could take place. This programme involves the
production over the coming years, after factoring replacement of the topsides at Tyra’s platform,
Tyra’s relaunch was in coronavirus (COVID-19) related delays at the which over many years of production had sub-
delayed by a year until Tyra gas field and Parliament’s decision to end sided, and well as the installation of new jacket
2023. hydrocarbon exploration last December. extensions.
The Danish Energy Agency (DEA) now pro- The work had been due to wrap up in July
jects that production will total only 0.76bn cubic 2022, but TotalEnergies’ project partner Noreco
metres in 2021, down from a forecast of 1 bcm noted in November last year that govern-
a year ago. Output is now anticipated to drop ment-imposed restrictions at fabrication yards
to 0.67 bcm in 2022, rise again to 1.44 bcm in had resulted in a one-year delay.
2023 and reach 2.85 bcm in 2024 and 2.65 bcm in The DEA predicts that national gas supply
2025. In contrast, a year ago the DEA predicted will never again reach the level of 4 bcm per year
that production would increase to 2 bcm in 2022 it hit prior to Tyra’s closure. Instead, output is set
and reach 3.3 bcm in 2023, before dropping to 3 to peak at 3 bcm in 2027.
bcm in 2024. Explaining its revisions, the DEA also said
The offshore Tyra gas field operated by it was taking into account Parliament’s vote in
France’s TotalEnergies was by far Denmark’s December last year to stop issuing new oil and
biggest producer until its closure in September gas exploration licences immediately, and also
last year, so that a redevelopment programme phase out production by 2050. ™

Prax brings Lindsey refinery into

V Net Zero Humber Cluster

UK UK-BASED Prax Group plans to incorporate its minimising adverse effects on the environment,
109,000 barrel per day (bpd) Lindsey refinery in wherever it is practical for us to do so,” Prax CEO
Prax hopes it can Lincolnshire with the V Net Zero Humber Clus- Luc Smets said in a statement.
capture 1.1mn tonnes ter, to decarbonise its operations. V Net Zero Humber Cluster also incorpo-
per year of CO2. Led by North Sea oil and gas producer Har- rates Phillips 66’s 230,000 bpd Killingholme oil
bour Energy, V Net Zero Humber Cluster aims refinery located near Lindsey, and Vitol’s 1.2-
to capture CO2 emissions from various facili- GW combined heat and power (CHP) plant in
ties in the Humber region and deliver these via Immingham and other power generation facil-
pipeline to the depleted Viking gas field in the ities owned by EP UK Investment.
North Sea for storage. That field ceased flow- The UK announced earlier this year it would
ing gas in 2016, and Harbour is finalising its allocate GBP171mn ($236mn) of funding from
decommissioning. its industrial decarbonisation challenge scheme.
By signing up to the initiative, Prax hopes Some GBP12mn went to Humber Zero, a part-
it can capture 1.1mn tonnes per year (tpy) of nership between the Killingholme refinery
CO2 emitted at the Lindsey refinery by the late and the Immingham power plant. A further
2020s. The project will likely involve two stages. GBP21mn went to the Zero Carbon Humber
Prax said the move was part of its commitment Partnership project, which includes a hydrogen
to establishing sustainability at Lindsey, which plant and hydrogen and CO2 pipelines.
it acquired from France’s TotalEnergies earlier The UK is to decarbonise a number of its
this year. major industrial hubs as part of efforts to deliver
“Committing to decarbonising our emissions a 68% reduction in national emissions by 2030
represents the firm commitment we have to versus the 1990 level. ™

Week 36 09•September•2021 www. NEWSBASE .com P13