A.P. Møller - Mærsk A/S’s subsidiary, Mærsk Olie og Gas AS (“MOG”), and a wholly owned affiliate of Kerr-McGee Corporation, which is listed on the New York Stock Exchange, have entered into an agreement under which MOG will acquire the majority of Kerr-McGee’s UK oil and gas interests, including the UK North Sea activities operated by Kerr-McGee affiliates.

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