Maersk divisions form decommissioning joint venture
Maersk Drilling and Maersk Supply Service have formed a 50:50 joint venture decommissioning company.
The JV will initially offer bundled solutions for up to 80% of the decommissioning process including project management, plug and abandonment of wells, towage of floating units and removal of subsea infrastructure. In the longer term, the JV plans to provide the full end-to-end process of decommissioning.
Lars Banke has been appointed CEO of the JV and will join the company from Total in June 2018. Jens Klit Thomsen has been named chief commercial officer, and Carsten Sander Jacobsen has been appointed as chief technical officer.
An individual corporate brand for the JV will be established in the coming months.