EnergyWatch

Trimmed Maersk Oil plans to cut costs by 30 percent

Contrary to projections from former CEO Jakob Thomasen, Maersk Oil succeeded in lowering the break-even price of oil to USD 40. The slimming down of the company can potentially go even further, says Maersk Group CEO Søren Skou.

Photo: PR-foto: Kontraframe / Thorbjørn Hansen

A 21 percent reduction in cost levels compared to the same period last year gave Maersk Oil a surprisingly low break-even oil price at below USD 40 per barrel. And the trimming of the company's costs is not over yet.

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