Maersk Oil

Latest Maersk Oil News

• The reservoir was encountered at depth prognosis.
• Lundin Petroleum is using the semi-submersible drilling rig Bredford Dolphin.

• Debt free, with a cash position of US$129.0 million at 31 December 2011 prior to additional farm-in
• Set to be an operational year for Chariot - spudding of Tapir South expected early April 2012

• Engineering work on the marine and stimulation systems has already begun.
• The Blue Orca will join Baker Hughes' other stimulation vessels.

• The parties have agreed on how to resolve and settle all outstanding claims related to this tax.

• It is currently anticipated that the rig will arrive on location at the end of March 2012.

• Maersk Oil Norway AS is about to complete drilling of wildcat well 6406/3-9.
• The well is about 7 kilometres southeast of the Kristin field in the Norwegian Sea.

• Maersk Supply Service has won three new major contracts with the Brazilian state owned oil company Petrobras.
• The total contract value is approximately DKK 1.6 billion.

• The well provides very important new data and information which will allow further evaluation and de-risking of this exciting exploration province in which Faroe has a number of licences.

• Currently anticipated that the rig will arrive on location at the end of March 2012.

• Alan Curran has been appointed as Chief Operating Officer of the Corporation effective March 1, 2012.

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