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Maersk Oil Denmark fires 160 employees

Maersk Oil Denmark fires 160 employees

09-01-2017 12:00:00


Maersk Oil's Danish branch makes cuts during Q1 organization with up to 160 positions - equivalent to more than 10 percent of the workforce. The employees of Maersk Oil Danish Business Unit will now be assembled in Esbjerg.

"Our employees have done a great job to bring us to where we are today, and this announcement is not good news for them," says Martin Rune Pedersen, Chief Operating Officer, Maersk Oil.

"But it is vital for us to remain competitive, both in the Danish part of the North Sea as well as Maersk Oil as a whole," says Martin Rune Pedersen.

The new, simpler and leaner organization is helping to secure the future of the department according to the CEO of Maersk Oil's Danish division, Patrick Gilly,.

Maersk Oil is currently in negotiations with the government on the Danish framework conditions for investment in the North Sea. It is happening because the Tyra field is sinking and will be closed by the end of next year, unless up to 30 billion kroner for a rebuilding of the field is invested.

Maersk Oil and its partners in DUC, do not believe that the redevelopment can pay off under the existing framework conditions.

The Tyra field, accounts for over 90 percent of the Danish gas production.

Source: Maersk Oil / Maritime Denmark


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