Two new players on the Maersk Oil executive management team will help facilitate the company's recovery. According to Danish newspaper Berlingske Business, the move concerns Australian Graham Talbot and American Gretchen Watkins, to serve as CFO and COO, respectively.
Both are intimately familiar with the industry, with 25 years of experience from global oil companies such as Shell, BG Group, and BP. And this experience will form the basis of Maersk Oil's future developments after a prolonged period streaked with problems, including a 2013 that finished far below expectations with 15 out of 25 drilling and exploration wells coming up empty, while a declining oil price put pressure on the company's profits.
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