Stabilising production
New development plans are expected in 2011 for the Golden Eagle, Hobby and Pink fields, as well as for the Flyndre area. Further appraisal drilling is ongoing at the Culzean gas discovery to determine potential development options.
Maersk Oil is also optimising production at its mature fields of Dumbarton and Gryphon, which is undergoing a life extension development.
Additional information
In 2005, Maersk Oil bought the UK assets of Kerr McGee, acquiring interest in 10 producing fields in the North Sea and North Atlantic. In addition, it acquired a number of oil and gas discoveries and an exploration portfolio. Maersk Oil now has an interest in 14 producing fields and operates seven of these. Maersk Oil's current share of the production is approximately 50,000 barrels of oil equivalent per day.
Since 2005, Maersk Oil participated in a number of licencing rounds in which it has been awarded several licenses. In the latest round, announced in October 2010, Maersk Oil was awarded 10 licenses, including five operated. Maersk Oil now participates with varying interests in more than 50 exploration licences in the UK. In approximately half of the licences Maersk Oil is the operator.