Angola: Maersk seeks to cut Chissonga costs
Issue 321
- 15 Apr 2016
| 1 minute read
Denmark’s Maersk Oil has announced plans to close its Houston office and reduce its Luanda team to try to reduce capital expenditure and improve returns from the unsanctioned Chissonga project. Maersk said options included a future project developed jointly with other hydrocarbon discoveries in the same region. “Chissonga, like many deep-water projects in our industry, remains economically challenged in the current market environment. Maersk Oil remains committed to the Chissonga project and we have evaluated multiple options to commercialise these resources in the best interests of our partners and the Angolan authorities.
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