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Maersk Oil: The right acquisitions are out there

The Danish oil company is open to a variety of possibilities in its current search for acquisition candidates. CEO Jakob Thomasen explains that disagreements related to the price of new assets may require patience, though the war chest is ready.

Photo: Maersk Oil

A financially strong Maersk Group is currently on the lookout for acquisition candidates for the conglomerates oil business, and in relation to the group's Capital Markets Day yesterday, Wednesday, Maersk Oil CEO Jakob Thomasen explained that the company is open to growth in a variety of ways.

Maersk Oil is thus prepared to look for potential acquisitions beyond the regions in which the company currently operates, while also being open to an increased focus on gas production. And the CEO adds that acquisitions could also come in the form of larger oil and gas portfolios, not exclusively as single assets.

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