Maersk Oil targets increased growth in the North Sea

The Danish plans to intensify its hunt for oil, and this could result in acquisitions as well as new exploration opportunities. "Our ambitions is to be among the top five biggest oil producers in the North Sea," says CEO Jakob Thomasen.

Photo: Maersk

While several of Maersk Oil’s major oil projects around the world are currently facing challenges, the oil company is still looking to expand its activities in the North Sea, explained CEO Jakob Thomasen at a press briefing on Wednesday.

"Our ambition is to be among the top five producers in the North Sea, and we believe that this will be possible within our existing portfolio, but we are looking for acquisitions as well as additional exploration opportunities," he said.

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