Total Cuts 200 Jobs in Denmark

Thursday, June 20, 2019

French oil major Total SA said on Thursday it would cut 200 jobs in Denmark as part of the redevelopment of the Tyra gas fields in the North Sea.

Total, which bought A.P. Moller-Maersk's oil and gas business in 2017, will shut production at the Tyra gas fields at the end of 2019 as part of a major redevelopment.

"Unfortunately, the changes mean that a number of valued colleagues will leave us," Patrick Gilly, managing director for Total's Danish North Sea operations said in a statement.

When the field comes back on stream in 2022, the infrastructure at Tyra will process more than 90% of the natural gas from the Danish North Sea, Total said.

Before Total bought the business, Maersk had in 2017 together with its partners in the Danish Underground Consortium (DUC) decided to invest 21 billion Danish crowns ($3.2 billion) in redeveloping the Tyra gas fields - the largest ever investment in the Danish part of the North Sea.

After the jobs cuts at its hub in Esbjerg, Total Exploration & Production will have around 1,300 employees at the site. Total has around 360 employees at its Copenhagen office.


($1 = 6.6062 Danish crowns)

(Reporting by Jacob Gronholt-Pedersen Editing by Keith Weir/David Evans)

Categories: Europe

Related Stories

Oil Shoots Over $110 as Trump's Iran Deadline Looms

IEA: Current Oil And Gas Crisis Exceeds Past Shocks Combined

Oil Rises as Iran Denies US Talks, Supply Risks Persist

US Oil Shield Starts Showing Cracks as Iran War Drives Prices Higher

IEA Unleashes Record 400M Barrel Oil Stockpile Release Amid Iran War Disruptions

Oil Drops 7% After Trump Predicts War Could End Soon

Governments Move to Shield Economies as Oil Jumps 25%

Subsea7 Extends Engagement on Türkiye’s Sakarya Field with New Deal

Oil Prices Go Up 3% as Iran Crisis Disrupts Supply

Saipem Agrees $272M Deal to Acquire Deep Value Driller Drillship

Current News

Petra Energy Secures Work Orders from Petronas for Sarawak Gas Project

Middle East Producers Gear Up for Hormuz Export Restart

Israel Orders Restart of Ops at Karish Offshore Gas Platform

Oil Rises as Fragile Middle East Ceasefire Sustains Supply Risks

Glencore, Taiwan’s CPC Charter Tankers as Hormuz Reopens

Nam Cheong Locks In Two OSV Charters amid Tight Southeast Asia Supply

Sunda, Finder Target Shared Rig for Timor-Leste Offshore Drilling

France Leads 15-Country Effort to Reopen Strait of Hormuz

Oil Tumbles, Stocks Surge on Middle East Ceasefire

ABL Transports Northern Endeavour FPSO to Recycling Yard

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com