EnergyWatch

Maersk Oil pulls out of Norwegian gas field

The billion-dollar Dvalin gas field does not promise enough monetary value to justify further investment, says Maersk Oil. Hence, the Maersk Group's oil unit is pulling out of the field where it holds a 20 percent share.

Photo: Maersk Oil

Oligarch Mikhail Fridman's oil company Dea will not get Maersk Oil's support for development plans for the Dvalin gas field, of which Dea is operator and Maersk Oil is a partner with a 20 percent share.

This is because Maersk Oil has decided to pull out of the partnership, the company tells EnergiWatch.

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