Maersk to Lay Off Portion of Houston Workforce

Maersk Oil confirmed to Rigzone that it would let 54 employees go from its Houston office and relocate eight employees from Houston to its headquarters in Copenhagen, Denmark.

The operational challenges of growing a non-operated exploration portfolio in the U.S. Gulf of Mexico prompted Maersk to scale back exploration in the basin, resulting to a refocusing of Maersk’s Houston office and merger of a number of activities with global functions in Copenhagen. Maersk Oil is part of the A.P. Moller-Maersk Group.

The company will retain 150 employees as part of its refocused Houston organization, Maersk spokesperson Charlotte Holst Frahm told Rigzone in a statement.

“The Houston team will continue to play a key role in managing Maersk Oil’s interests in the U.S. Gulf of Mexico and supporting its key project developments in deepwater, including the Chissonga field offshore Angola, and the Chevron Corp.-operated Jack discovery and Buckskin prospect in the U.S. Gulf. Jack is expected to begin production late this year, according to Maersk’s website.

Last month, Maersk said it would take an impairment charge of $1.7 billion for its Brazilian assets and sell off its stake in its only producing Brazilian oilfield, Polvo, to Brazil-based HRT O&G Exploracaeo e Producaeo de Petroleo Ltda.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Administrative Assistant III Job
Expertise: Secretarial or Administrative
Location: Township of Maple Grove, MN
 
Marketing Assistant Job
Expertise: Marketing|Secretarial or Administrative
Location: Minneapolis, MN
 
Marketing Assistant
Expertise: Graphics Design|Marketing|Secretarial or Administrative
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $48.6/BBL 1.12%
Light Crude Oil : $46.34/BBL 1.24%
Natural Gas : $2.9/MMBtu 2.35%
Updated in last 24 hours