Friday 29 June 2018

With the senior management team now in place and interest growing from potential customers, today the decommissioning joint venture reaches a new milestone with the launch of its new name.

Following the launch of the new name, the company website has been established at www.maerskdecom.com

Market interest reaffirmed

Since its establishment, Maersk Decom has received interest from both the North Sea – where more than 400 fields are expected to cease production by 2026 – and from the global market.

Latest market reports indicate that despite the recent uptick in oil price, decommissioning projects will still go ahead due to drivers such as infrastructure integrity, class approval and recertification, and limited export infrastructure.

Scaling up the organisation

The Senior Management Team, consisting of CEO Lars Banke, previously from Total, CCO Jens Klit Thomsen, previously from Maersk Supply Service and CTO Carsten Sander Jacobsen, previously from INEOS Denmark, is now in place.

Recruitment for the remaining positions within the company is currently ongoing. More information is available on the new website.

ABOUT MAERSK DECOM

Maersk Decom provides bundled decommissioning solutions to global oil and gas operators. Initially covering up to 80% of the decommissioning process, Maersk Decom offers project management, well plug and abandonment, towage of floating units and removal of subsea infrastructure. In the long-term, Maersk Decom plans to provide the full end-to-end process of decommissioning.

The company was established in April 2018 as a 50:50 joint venture between Maersk Drilling and Maersk Supply Service. Maersk Decom leverages the parent companies’ heritage of over 50 years of safe and efficient operations, high quality assets and technical capabilities.