Maersk Oil slows down exploration.

Wednesday, September 03, 2014    No comments


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Maersk Oil slows down exploration.
Aug 31st 2014, 23:00

After recent dry wells and a $1.7 billion impairment, Maersk Oil is slowing down exploration globally and virtually ceasing it in Brazil and the US Gulf of Mexico until it works out what went wrong, chief executive Jakob Thomasen said.
The AP Moller-Maersk unit has reserves corresponding to 4.6 years of production, below an average of 5-10 years for Maersk Oil's peers, which include...

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Maersk Oil slows down exploration.


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From our sponsors

Maersk Oil slows down exploration.
Aug 31st 2014, 23:00

After recent dry wells and a $1.7 billion impairment, Maersk Oil is slowing down exploration globally and virtually ceasing it in Brazil and the US Gulf of Mexico until it works out what went wrong, chief executive Jakob Thomasen said.
The AP Moller-Maersk unit has reserves corresponding to 4.6 years of production, below an average of 5-10 years for Maersk Oil's peers, which include...
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