Maersk Oil ( da, Mærsk Olie og Gas A/S) was a

Danish Danish may refer to: * Something of, from, or related to the country of Denmark People * A national or citizen of Denmark, also called a "Dane," see Demographics of Denmark * Culture of Denmark * Danish people or Danes, people with a Danish a ...

oil and gas company owned by the

A. P. Moller-Maersk Group (), also known simply as Maersk (), is a Danish shipping company, active in ocean and inland freight transportation and associated services, such as supply chain management and port operation. Maersk was the largest container shipping line a ...

. with a maximum operated production of 550,000 barrels of oil equivalent per day. Production came from

Denmark ) , song = ( en, "King Christian stood by the lofty mast") , song_type = National and royal anthem , image_map = EU-Denmark.svg , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of Denmark , establish ...

, the UK,

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Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbeki ...

, the US

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and

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

. The company had exploration activities in

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Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and the ...

Greenland Greenland ( kl, Kalaallit Nunaat, ; da, Grønland, ) is an island country in North America that is part of the Kingdom of Denmark. It is located between the Arctic and Atlantic oceans, east of the Canadian Arctic Archipelago. Greenland i ...

, Kurdistan Region of Iraq and in the producing countries.

History

The company was established in 1962 when Maersk Group was awarded a concession for oil and gas exploration and production in the Danish sector of the

North Sea The North Sea lies between Great Britain, Norway, Denmark, Germany, the Netherlands and Belgium. An epeiric sea, epeiric sea on the European continental shelf, it connects to the Atlantic Ocean through the English Channel in the south and the ...

. In 1986, Maersk Oil took over the operation of the Dansk Undergrunds Consortium's fields in the Danish section of the North Sea. On 31 August 2015 the UK Oil And Gas Authority approved a consortium headed by Maersk Oil going ahead with production at the Culzean oil and gas field about 150 miles southeast of

Aberdeen Aberdeen (; sco, Aiberdeen ; gd, Obar Dheathain ; la, Aberdonia) is a city in North East Scotland, and is the third most populous city in the country. Aberdeen is one of Scotland's 32 local government council areas (as Aberdeen City), and ...

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in the

. The high pressure, high temperature field holds the equivalent of about 300 million barrels of oil and, when it reaches peak production in 2020 or 2021, is expected to produce enough gas to meet 5% of the UK's needs. Maersk Oil said that it and its other consortium partners, JX Nippon and BP (Britoil) would invest about £3 billion (about $4.5 billion) in the field's development. On 21 August 2017 A.P. Møller – Mærsk A/S announced the signing of an agreement to sell Mærsk Olie og Gas A/S to

TotalEnergies TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924 and one of the seven supermajor oil companies. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and ...

for US$7.45 billion in a combined share and debt transaction. The transaction was subject to regulatory and competition approval and was closed on 8 March 2018, when Maersk Oil became a part of Total. On 20 September 2017 A.P. Moeller-Maersk A/S agreed to sell its tankers unit to the A.P. Moller Holding A/S subsidiary APMH Invest A/S, which was the controlling shareholder of A.P. Moller-Maersk. Maersk had owned the tanker business since 1928, which at the time of the sale, had a fleet of 161 vessels to transport refined oil products.

References

External links

* {{Authority control Oil and gas companies of Denmark

History

See also

References

External links