In 2002, Maersk Oil, entered into an Exploration and Production Sharing Agreement for Block 11-12, covering some 5,700 sq. kms offshore Turkmenistan in the Caspian Sea. Exploration activities are in progress. After Licence share assignments in 2007, Maersk Oil holds an interest of 36%. Wintershall is operator and holds 34% and OMEL holds the remaining 30%.