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Maersk Oil

United Kingdom

Company description

Maersk Oil firmly established itself in the UK in 2005 after the acquisition of Kerr-McGee’s UK assets for USD 2.95 billion. The purchase included offshore installations that produce from the Gryphon, Maclure and Tullich fields (Gryphon FPSO) and from the Janice, Affleck and James fields (Janice FSO). Maersk Oil has an ambitious growth target of doubling its UK production to 80,000 - 100,000 boed. In 2012, it invested USD 1 billion in the UK and is investing USD 1.5 billion in 2013 to help reach this target.

Maersk_Logo_Coated_4CMaersk Oil firmly established itself in the UK in 2005 after the acquisition of Kerr-McGee’s UK assets for USD 2.95 billion. The purchase included offshore installations that produce from the Gryphon, Maclure and Tullich fields (Gryphon FPSO) and from the Janice, Affleck and James fields (Janice FSO). Maersk Oil has an ambitious growth target of doubling its UK production to 80,000 – 100,000 boed. In 2012, it invested USD 1 billion in the UK and is investing USD 1.5 billion in 2013 to help reach this target.

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