Following the organisational review of Maersk Oil headquarters carried out in late 2016, Maersk Oil Danish Business Unit (DBU) has today announced that it will simplify its organisation to improve efficiency and ensure delivery of Maersk Oil’s three pillar strategy.

For Maersk Oil DBU the new organisation will provide the foundation for a more cost-efficient operating model, and will position Maersk Oil DBU to safely and efficiently maximise production and ensure future investments that will help realise the full potential of the Danish North Sea.

The reorganisation will run during the coming months. A first phase to reconfigure the onshore organisation will be completed during Q1 2017.

As part of the first phase Maersk Oil DBU plan to consolidate all employees of the Danish Business Unit at our Esbjerg office, and Maersk Oil DBU is expected to be reduced by up to 160 positions. This is subject to statutory consultation and local labour law.

Martin Rune Pedersen, Chief Operating Officer said: “Our employees have done a great job in getting us to where we are today, and we recognise that this announcement will be unsettling news for them. It is however a necessary step in order to remain competitive in the Danish North Sea and the wider Maersk Oil business.”

Patrick Gilly, Managing Director of Maersk Oil DBU said: “What we are announcing today will ensure our long term future in a sustainable manner and it is a step in our efforts to support the Maersk Oil North Sea ambitions. The simpler organisation enables us to operate in a leaner and more integrated way with a maintained focus on creating maximum value from safe operations of the mature fields in the Danish North Sea.”

About Maersk Oil

Maersk Oil is an international oil and gas company with operated production of over 500,000 barrels of oil equivalent per day. Our production comes from Denmark, the UK, Qatar, Kazakhstan, the US Gulf of Mexico and Algeria. Exploration and development activities are on-going in Angola, Norway, Kenya, Ethiopia, Greenland, Brazil, Kurdistan Region of Iraq and in the producing countries.

Turning complex and challenging fields into commercial successes has been the cornerstone of Maersk Oil’s business since 1962, creating enormous value for partners and host governments. We focus on pioneering technologies that enable us to develop difficult reservoirs. Our technical specialists are adept at solving upstream challenges by applying the right technology. We are committed to our Incident-Free ambition to protect people, the environment and our assets. We are an Equal Opportunities Employer.