05/10/2016at 14:12

Maersk Oil pulls out of Norwegian gas field

The billion-dollar Dvalin gas field does not promise enough monetary value to justify further investment, says Maersk Oil. Hence, the Maersk Group's oil unit is pulling out of the field where it holds a 20 percent share.

BY MORTEN LUND TIRIKAINEN & JENS NIELSEN, ENERGIWATCH

Oligarch Mikhail Fridman's oil company Dea will not get Maersk Oil's support for development plans for the Dvalin gas field, of which Dea is operator and Maersk Oil is a partner with a 20 percent share.

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