Maersk Oil to close Houston office, cut staff in Houston and Luanda

Maersk Oil plans to reduce its organizations in Angola and the US. The move will result in the closure of the company’s Houston office and a reduction of the Luanda team, impacting approximately 100 staff positions in total across the two sites.

The decision follows actions to reduce CAPEX and improve returns of the unsanctioned Chissonga project in Angola. Options include a future project developed jointly with other hydrocarbon discoveries in the same region.

Of the approximately 100 employees and contractors impacted by the changes, about 60 currently sit in Houston and a further 40 in Luanda. 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 the Chissonga project maturation.

Maersk Oil’s non-operated activities in the Gulf of Mexico, currently also run from Houston, will be transferred to its Copenhagen headquarters in the coming months.

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