Maersk Oil CEO thinks costs can be cut further

Although the easiest cost reductions were achieved over recent years via cost cutting initiatives, things can be done even cheaper, says the oil CEO.

BY RITZAU FINANS

All of the low-hanging fruits have been plucked out in cost reduction programs over recent years, but more extensive cost cutting can still be carried out at Maersk Oil, says the company's CEO Gretchen Watkins.

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