This, the company says, should provide the basis for a more cost-efficient operating model, allowing Maersk Oil DBU to maximize production and ensure future investments to realize the Danish North Sea’s full potential.
A first-phase program to reconfigure the onshore organization will be completed during the current quarter.
Maersk Oil DBU plans to consolidate all employees of the unit at its Esbjerg office, and to cut up to 160 positions, subject to statutory consultation and local labor law.
COO Martin Rune Pedersen said: “Our employees have done a great job in getting us to where we are today, and we recognize 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.”