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".

 

"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...