Page 12 - Danish Offshore Industry 2016

STILL POTENTIAL IN THE NORTH SEA Maersk Oil will stake on more than 50 years of experience when sticking to their ambitions of their core areas of the North Sea. Maersk Oil is still investing in the North Sea, so on the home ground they will remain the major player. How- ever, the present market calls for a number of require- ments and potentials, and any possibility for optimizing will be thoroughly scrutinized, states Martin Rune Ped- ersen, Managing Director of Maersk Oil Danish Business Unit, who is not rejecting the idea of possible purchasing. PREVIOUSLY YOU HAVE INDICATED THAT YOU STILL Martin Rune Pedersen, Managin Director of Maersk Oil FIND POSITIVE PERSPECTIVES IN THE NORTH SEA Danish Business Unit. – IS THAT STILL THE CASE? “The North Sea is one of the key areas of Maersk Oil. It Seen from your chair, which preconditions are decisive is a region of several marginal felds, but based on the for a continued development of the Danish sector? remaining volumes of oil and gas in place and our 50 “Since 1972 we have been producing oil from the Danish years of experience in the area we still see an interesting sector of the North Sea, and there is still a considerable potential. potential for recovering oil and gas in Denmark. To rea- lize this potential requires for us to maintain effciency Last year our main investments have focused on the and keep costs down. The mature felds and the aging mega projects in the North Sea – Norwegian Johan infrastructure, where the oldest platform is 42 years old, Sverdrup and British Culzean. In the Danish sector we requires us and our partners to invest billions of DKK are now producing from our latest platform, Tyra South every year in maintenance. In addition to that we have East-B, in which Danish Underground Consortium has to invest in new technology. There are challenges in the invested DKK 4.5 billion.” Danish North Sea. We have to meet them together, but under the right conditions we see a bright future for the WHAT ARE YOUR AMBITIONS IN THE PRESENT MARKET? North Sea.” “The oil industry has entered a challenging period, but we stick to our ambitions of creating value and within WHICH EXPECTATIONS DO YOU HAVE FOR the coming ten years turning into one of the fve major DEVELOPMENT IN 2016? operators in the North Sea. That requires us to maximize “In the North Sea one of the focal areas for 2016 will be production from our present felds by constant improve- to optimize our production by enhancing effciency and ments and optimizing of the operation, to optimize tech- lower the costs in order to create maximum value from nology and to see to our planned development projects.” the 15 oil and gas felds and more than 50 installations we operate.” HOW HAS THE PRESENT MARKET INFLUENCED YOUR COOPERATION WITH YOUR SUPPLIERS? WHICH STRATEGIC CONSIDERATIONS DO YOU NOURISH “We enjoy a close cooperation with our partners and CONSIDERING THE NORTH SEA AND POSSIBLE suppliers. As a branch we have to join hands to fnd and PURCHASES? provide solutions creating proper value. In the present “As a part of Maersk Oil’s long-term strategy we are situation it is especially important for us to be open and obviously looking at the opportunities for growth and to optimize laterally the supply chain in order to make purchases. Being a part of the Maersk Group provides us our processes more effcient and to think along innova- with the fnancial strength possible for us to invest in a tive lines in order to reduce the overall costs.” challenged market.” ■ 10 / STILL POTENTIAL IN THE NORTH SEA