Maersk Oil said that it has conducted an organisational review and decided to simplify the organisation in Denmark to improve efficiency and ensure delivery of its three pillar strategy.
The first phase of the reorganisation will be implemented during the first quarter of 2017 and involved a plan to consolidate all employees to the Esbjerg office, which is expected to include the reduction of up to 160 positions.
Martin Rune Pedersen, chief operating officer of Maersk Oil, said: “Our employees have done a great job in getting us to where we are today, and we recognise that this announcement will be unsettling news for them. It is however a necessary step in order to remain competitive in the Danish North Sea and the wider Maersk Oil business.”
Maersk Oil says the reorganisation will position its Denmark unit to safely and efficiently maximise production and ensure future investments that will help realise the full potential of the Danish North Sea.