Maersk Oil chops jobs

Up to 160 positions to go as Danish player reorganises domestic business unit

Maersk Oil is to cut dozens of jobs as it looks to cut costs and improve efficiency following an organisational review.

The Maersk Danish Business Unit (DBU) is to "simplify its organisation", a with plan to consolidate all employees of the unit at the Esbjerg office.

The Danish player said this is expected to see the headcount at the unit "reduced by up to 160 positions".

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"For Maersk Oil DBU the new organisation will provide the foundation for a more cost-efficient operating model, and will position (it) to safely and efficiently maximise production and ensure future investments that will help realise the full potential of the Danish North Sea," the company said in a statement.

"The reorganisation will run during the coming months. A first phase to reconfigure the onshore organisation will be completed during the first quarter."

Chief operating officer Martin Rune Pedersen called the move "a necessary step in order to remain competitive in the Danish North Sea and the wider Maersk Oil business".

DBU managing director Patrick Gilly added: "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.

"The simpler organisation 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."

Maersk Oil, as with other industry players, have scaled back its workforce in response to continue market weakness.

Related company Maersk Drilling in late October said it was cutting another 70 positions, to add to the 300 it slashed during the year.

In early October sister company Maersk Ships Supply cut 25% of its onshore workforce on top of earlier announced cutbacks after deciding to remove up to 20 of its vessels from its fleet.