It follows the move announced on Thursday by the AP Moller-Maersk group to spin off the oil company into a separate energy division that will also encompass Maersk Drilling, Maersk Supply Service and Maersk Tankers, under the leadership of incoming chief executive Claus Hemmingsen.

He told Upstream it was “natural for the company to focus on the North Sea” where it has significant investments planned over the next few years on both the Johan Sverdrup and Culzean field projects off Norway and the UK, respectively, that are presently under development.

“We