ShippingWatch

Mr. Triple-E to head oil research

Bo Cerup-Simonsen will head the new oil research center at the Technical University of Denmark (DTU), which has received USD 184.3 million in research funding over the next ten years.

Bo Cerup-Simonsen

When the Head of Maersk Maritime Technology, Bo Cerup-Simonsen, in mid-April told ShippingWatch that he was resigning from his position heading the company, he did not reveal where he was going next. Now he has, and the new oil research center at DTU will be his next workplace, starting July 1st this year.

"Every additional barrel of oil that can be recovered from the North Sea creates more tax revenue for Denmark. At the same time, it can help to prolong Denmark's energy supply independence for a longer period than previously anticipated. There is great potential in the Danish North Sea, but the subsurface is complex and therefore innovative thinking is needed to help increase the recovery factor. The reward for increasing production is that for every percentage point increase in hydrocarbon recovery, USD 12.9 billion in value is created," says Bo Cerup-Simonsen in a press release.

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