MAERSK OIL, the oil and gas unit of Danish shipping and oil conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO), said Friday it has approved a major investment in the development of a U.K. North Sea oil field in which it holds a minority stake.
MAERSK OIL, the oil and gas unit of Danish shipping and oil conglomerate
A.P. Moller-Maersk A/S (MAERSK-B.KO), said Friday it has approved a major
investment in the development of a U.K. North Sea oil field in which it holds a
minority stake.
Maersk Oil said it will invest $1 billion in the development plan for the
Golden Eagle field, in which it holds a non-operated interest of 31.56%.
The company estimates its share in the total reserves will come to around 45
million barrels of oil equivalent.
At 1240 GMT, A.P. Moller-Maersk A/S shares were down 0.5% at DKK43,760.
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