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Norway    
 



Maersk Oil entered Norway in 2004. By early 2013 a portfolio of more than 20 licences had been developed, two operated wells had been drilled and Maersk Oil is a partner in the Johan Sverdrup oil discovery – the largest in the world in 2011 and one of Norway’s largest discoveries ever. Today the organisation has over 80 employees in the Stavanger office.


MILESTONES
In 2005, Maersk Oil acquired a 60% interest and operatorship of the border-straddling Flyndre discovery on the Norwegian side as part of the Kerr-McGee UK acquisition. The Field Development Plan was submitted in 2013.

In 2008, Maersk Oil was awarded a 20% interest in the PL501 licence operated by Lundin Petroleum AS.

     


Drilling in 2010 led to the giant Johan Sverdrup discovery. First oil is expected at the end of 2019.

In 2010, Maersk Oil acquired a 20% interest in PL435. Later that year, operator RWE-Dea made the Zidane gas discovery.


EXPLORATION
Maersk Oil holds more than 20 licences acquired through licensing rounds and farm-in activities in the North Sea, the Norwegian Sea and the Barents Sea. 

DEVELOPMENT
A pre-unitisation agreement for planning of the development of Johan Sverdrup was signed in 2012 with Statoil Petroleum AS as the development planning operator. Concept selection is expected in early 2014 and first oil in late 2019.

     

MAERSK OIL ADDED VALUE
With presence in the three sectors of the North Sea – Norway, the UK and Denmark, Maersk Oil is uniquely positioned to take advantage of its cross-border knowledge and experience.

As the only non-operating partner with experience from mega development projects, Maersk Oil is in a strong position to support the development of the Johan Sverdrup field.