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Maersk Oil
	North Sea oil and gas platform Tyra East, operated by Maersk Oil.
Native name	Mærsk Olie og Gas A/S
Formerly	Dansk Boreselskab
Company type	Private
Industry	Oil and Gas
Founded	Copenhagen, Denmark 1962
Founders	Arnold Peter Møller; Mærsk Mc-Kinney Møller;
Headquarters	Esplanaden 50, Copenhagen, Denmark
Number of locations	Angola; Greenland; Denmark; Algeria; Kazakhstan; United Kingdom; United States; Norway; Brazil; Kenya; Ethiopia; Kurdistan Region of Iraq;
Area served	Worldwide
Key people	Jakob Bo Thomasen (CEO); Graham Talbot (CFO); Gretchen Watkins (COO);
Production output	550,000 of BOE (2015)
Services	Oil and Gas Exploration; Oil Production; Natural Gas Production;
Revenue	US$5,639 million (2015); US$8,737 million (2014);
Net income	US$435 million (2015); US$1,035 million (2014);
Total assets	US$8.681 million (2015); US$10,792 million (2014);
Number of employees	2,800 (2017); 4.400 (2015); 4,400 (2014);
Parent	TotalEnergies
	Footnotes / references;

Maersk Oil (Danish: Mærsk Olie og Gas A/S) was a Danish oil and gas company owned by the A. P. Moller-Maersk Group.^[6] with a maximum operated production of 550,000 barrels of oil equivalent per day. Production came from Denmark, the UK, Qatar, Kazakhstan, the US Gulf of Mexico, Algeria and Brazil. The company had exploration activities in Angola, Norway, Greenland, Kurdistan Region of Iraq and in the producing countries.^{[citation needed]}

History

The company was established in 1962 when Maersk Group was awarded a concession for oil and gas exploration and production in the Danish sector of the North Sea. In 1986, Maersk Oil took over the operation of the Dansk Undergrunds Consortium's fields in the Danish section of the North Sea.^[6]

On 31 August 2015, the UK Oil And Gas Authority approved a consortium headed by Maersk Oil going ahead with production at the Culzean oil and gas field about 150 miles southeast of Aberdeen, Scotland in the North Sea.^[7] The high pressure, high temperature field holds the equivalent of about 300 million barrels of oil and, when it reaches peak production in 2020 or 2021, is expected to produce enough gas to meet 5% of the UK's needs. Maersk Oil said that it and its other consortium partners, JX Nippon and BP (Britoil) would invest about £3 billion (about $4.5 billion) in the field's development.^[8]

On 21 August 2017 A.P. Møller – Mærsk A/S announced the signing of an agreement to sell Mærsk Olie og Gas A/S to TotalEnergies for US$7.45 billion in a combined share and debt transaction.^[9] The transaction was subject to regulatory and competition approval and was closed on 8 March 2018,^[10] when Maersk Oil became a part of Total.

On 20 September 2017, A.P. Moeller-Maersk A/S agreed to sell its tankers unit to the A.P. Moller Holding A/S subsidiary APMH Invest A/S, which was the controlling shareholder of A.P. Moller-Maersk. Maersk had owned the tanker business since 1928, which at the time of the sale, had a fleet of 161 vessels to transport refined oil products.^[11]