Maersk to rethink way forward for Chissonga offshore Angola

Offshore staff

COPENHAGEN, DenmarkMaersk Oil plans to slim down its organizations in Angola and the US, closing its Houston office and reducing its team in Luanda.

These measures will impact around 100 staff positions cross the two sites.

Maersk took the decision following attempts to reduce capex and improve returns from its un-sanctioned Chissonga project offshore Angola, which may now be developed at a later date with other parties’ hydrocarbon discoveries in the same region.

COO Gretchen Watkins said: “This difficult decision does not diminish our keenness to pursue the Chissonga project sanction in due course, provided we can achieve an attractive return on our investment.”

The changes will transfer some responsibilities for the project to Maersk Oil’s Copenhagen headquarters and leave an office of 18 people in Luanda continuing maturation studies.

Maersk’s non-operated activities in the Gulf of Mexico, run from Houston, will also be transferred to Copenhagen.

03/31/2016

Share your news with Offshore at news@offshore-mag.com

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...