Maersk Oil will prove its worth with Culzean gas field

Scottish gas field Culzean has a key role in Maersk Oil's future. The oil division must prove that it can stand on its own two feet and prove to the market that it can handle huge projects.

Photo: Maersk Oil

Maersk Group's oil division, Maersk Oil, must prove that it can stand on its own two feet and the Culzean field in the North Sea will serve as its testing ground, reports Danish media Børsen.

Maersk is poised to split off certain divisions and has yet to resolve where the oil business will end up. Here, Maersk and Maersk Oil must prove the company's worth on the Culzean field, where they are investing DKK 4 billion (USD 613 million) together with British BP and a Japanese company.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted forced to delay coal phase out

The Danish authorities have ordered Ørsted to continue operations of one coal fired power plant and resume operations on two others until 2024. The utilty maintains aim of CO2-neutrality in 2025.

Further reading

Related articles

Latest News

See all jobs