Maersk Oil has reduced the capital costs of its Culzean project by USD 500 million through improved drilling efficiency and robust upfront design and planning. It is a complicated high-pressure, high-temperature (HPHT) field requiring specific equipment and expertise. The Maersk Oil-operated project in the North Sea, which is expected to meet 5% of total UK gas demand, passed several milestones in 2016.
Investing in future capacity | When it opens in 2019, the new terminal in Tangier, Morocco will take on more than just cargo. It will be responsible for upholding the region’s importance as a distribution centre for global trade.
Maersk Line is supporting Philips Lighting in its mission of making the planet more sustainable through a pact to lower the carbon footprint of its supply chain.
With its new Supply Chain Orchestrator programme, Damco is making its first move into a new and growing area of the logistics industry, what is commonly known as fourth-party logistics or control tower services.