Maersk Oil consolidating Danish unit to boost efficiency

Maersk Oil, a global oil company with operations in the United Arab Emirates and Qatar, recently announced plans to consolidate its Danish Business Unit (DBU) as a means of improving efficiency and ensuring delivery of its three-pillar strategy.

The move, which will place all Danish employees at the company's Esbjerg, Denmark, location, is expected to cost approximately 160 jobs.
 
“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,” Martin Rune Pedersen, chief operating officer, said. “It is however a necessary step in order to remain competitive in the Danish North Sea and the wider Maersk Oil business.”
 
The consolidation follows an organizational review Maersk carried out at the end of 2016.
 
“What we are announcing today will ensure our long-term future in a sustainable manner, and it is a step in our efforts to support the Maersk Oil North Sea ambitions,” Patrick Gilly, managing director of Maersk Oil DBU, said. “The simpler organization enables us to operate in a leaner and more integrated way with a maintained focus on creating maximum value from safe operations of the mature fields in the Danish North Sea.”