Maersk to rethink way forward for Chissonga offshore Angola

Maersk Oil plans to slim down its organizations in Angola and the US, closing its Houston office and reducing its team in Luanda.

Offshore staff

COPENHAGEN, DenmarkMaersk Oil plans to slim down its organizations in Angola and the US, closing its Houston office and reducing its team in Luanda.

These measures will impact around 100 staff positions cross the two sites.

Maersk took the decision following attempts to reduce capex and improve returns from its un-sanctionedChissonga projectoffshore Angola, which may now be developed at a later date with other parties’ hydrocarbon discoveries in the same region.

COO Gretchen Watkins said: “This difficult decision does not diminish our keenness to pursue the Chissonga project sanction in due course, provided we can achieve an attractive return on our investment.”

The changes will transfer some responsibilities for the project toMaersk Oil’s Copenhagen headquarters and leave an office of 18 people in Luanda continuing maturation studies.

Maersk’s non-operated activities in the Gulf of Mexico, run from Houston, will also be transferred to Copenhagen.

03/31/2016

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