Maersk Oil faces $1.7bn write-down

Unacceptable: AP Moller-Maersk's Nils Andersen admits Brazil failure

Denmark’s AP Moller-Maersk said that its Maersk Oil arm is to take a $1.7 billion write-down on its Brazilian assets and offload its share in one of three Campos basin fields amid disappointing appraisal results.

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