COPENHAGEN, Denmark, Dec. 30 (UPI) — The lack of a viable economic solution for the largest natural gas field in the Danish North Sea means production will end in late 2018, Maersk Oil said. Maersk Oil operates the Tyra natural gas field on behalf of a broader consortium that includes partnerships with energy majors like Royal Dutch Shell. Maersk said that, even after spending more than $140 million on reinforcing structures associated with production over the past 15 years, safety is becoming a clear factor. Maersk noted in early 2016 that the facilities installed at the Tyra production areas in the North Sea are at the end of their operational life. The company started notifying relevant market players of the pending closure well in advance, according to the regulatory requirements in the European Union. The company said in a statement decommissioning of Tyra will proceed with the aim of […]