Maersk Oil is looking to focus on “low capital” growth as it sets a new course to regain scale after a restructuring by its parent and the loss of its flagship Al Shaheen project in Qatar.

New chief executive Gretchen Watkins, who took over from Jakob Thomasen in September, told Upstream that the North Sea is an area that the Danish oil producer will continue to “home in” on in the years ahead.

Two