Maersk to Sell Oil, Gas Exploration Licenses

COPENHAGEN, Jan 16, 2007 (Dow Jones Commodities News via Comtex)

Maersk Oil and Gas, a unit of Denmark's AP Moller-Maersk A/S (MAERSK-B.KO) will sell its exploration licenses in a number of countries and concentrate its activities in the Kerr McGee operations in the North Sea, financial daily Boersen reports Tuesday.

The newspaper said a prospectus by investment bank Tristone Capital lists Maersk licenses in Morocco, Surinam, and the German part of the North Sea as being up for sale.

It also writes Maersk is in talks to sell part of an exploration license in Turkmenistan to the Indian company OMEL, a joint venture between Oil and Natural Gas Corp. Ltd. (500312.BY) and Mittal Steel Co. (MT).

"I can confirm that we are negotiating selling parts of exploration licenses in a number of countries," says Maersk Oil and Gas Deputy Director Anders Wurtzen.

Copyright (c) 2007 Dow Jones & Company, Inc.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Technical Coordinator
Expertise: Client Representative|Process Management|Technical Writing
Location: Houston, TX
Executive Assistant
Expertise: Executive|Secretarial or Administrative
Location: United States
Regional Manager - Saybolt
Expertise: Executive|Operations Management
Location: Linden, NJ
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours