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Maersk's decommissioning venture closes after few years

Maersk Decom, established by Maersk Supply Service and Maersk Drilling in an attempt to benefit from a large market for decommissioning assets within the oil industry, shuts down. Chief executive left several months ago.

Photo: PR / Maersk Drilling

Few years after its launch, Maersk Decom pulls the plug.

The company was established by Maersk Supply Service and Maersk Drilling in 2018 with the ambition of partaking in what was expected to be a large market for decommissioning of end-of-life rigs and assets by oil fields. According to the parties, the market had a billion-dollar potential.

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