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New approval to secure growth for Maersk Oil

Both the Norwegian and British authorities have approved Maersk Oil's expansion of the Flyndre/Cawdor oil fields, the company confirms. This brings hope to growth ambitions.

Photo: Maersk Oil

Maersk Oil has secured the approval from the British and Norwegian authorities for its expansion plan of the Flyndre/Cawdor oil fields that stretch across the border between the two countries, says the company in a press release. A very important approval for the further growth ambitions:

"Approval of this plan supports our long-term strategy for growth and our aim to double production in the UK North Sea by 2020. Together with approval of the Balloch field development in 2013, Flyndre/Cawdor underscores our momentum in progressing the development opportunities from our strong North Sea portfolio," says Martin Rune Pedersen, Managing Director, Maersk Oil UK, in a statement.

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