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15 September 2019 The on-line newspaper devoted to the world of transports 15:19 GMT+2

October 9, 2012

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Original news
Møller-Mærsk throws again own activity in the oil field

The objective is to increase the production of Maersk Oil to 400.000 barrels to the day in 2020

Shipowning group Danish A.P. Møller-Mærsk has announced a plan in order to throw again own activity in the oil field with the objective to raise the production of 50% within 2020. The initiative, illustrated in occasion of the today's Capital Markets Day, previews that the business unit Maersk Oil succeeds in to produce 400,000 barrels to the day in 2020 regarding current the 265,000 (to end the 2002 production was of 311.000 barrels and in 2009 it had reached a peak of 428.000).

Such increase will derive from the greater exploitation of the oil reservoirs on which the current production of Maersk Oil is based and from the exploitation of new reservoirs. “Our exploratory activities - the A.P managing director has explained. Møller-Mærsk, Nils S. Andersen - they have had happened and in the next few years we will realize meaningful investments in the exploitation of the discoveries. We have the economic resources, the competences and the experience in the field necessary in order to carry the level of the production to 400.000 barrels oil equivalents. The exploration activities will continue to being remarkable to the aim to support the productive level when we reach it”.

In order to achieve such objective Maersk Oil billions of dollars will during the last few years increase to the investments going up from an expense pairs approximately 1-3 billions of dollars realized to 3-5 per year. Moreover the society will continue to per year invest a billion of dollars in the exploration activities also after 2020.

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