Maersk Oil Company Profile

6 General Information
General Information
7
Maersk Oil
Turning marginal and challenging fields into commercial successes has been the
cornerstone of Maersk Oil’s business since 1962. Maersk Oil focuses on pioneering
technologies and harnessing talent to continue to operate safely and successfully,
creating value for partners and host governments. Maersk Oil is a fullyowned
subsidiary of the global conglomerate, the A.P. Moller - Maersk Group.
To solve the puzzle of the tight fields in the Danish North Sea,
its home for 50 years, Maersk Oil developed a suite of innovative
tools and techniques which it then adapted to the giant
but complex Al Shaheen field, offshore Qatar. Maersk Oil now
produces 85% of Denmark’s oil and gas and over a third of
Qatar’s oil output.
Such beginnings gave Maersk Oil a spirit of creative problemsolving
and innovative deployment of technology, which has
helped Maersk Oil to spread its wings across the globe. In the
past ten years, Maersk Oil began businesses in seven new
countries and it now has a broad portfolio that stretches
across a wide varie of geological, geographical and operational
conditions.
Maersk Oil has experience in geological environments such as
chalk and shelf carbonates, fluvio-deltaic and deepwater clastics
and presalt. Its operations are found in conditions ranging from
the harsh Arctic of Greenland to the arid steppe of Kazahstan. And
the company is developing expertise in difficult operating conditions
such as deepwater and high pressure, high temperature.
MAERSK OIL BOARD OF DIRECTORS
Maersk Oil’s business is governed by its Board of Directors
which consists of:
A.P. Moller – Maersk CEO Nils S. Andersen
A.P. Moller – Maersk Chairman Michael P. Rasmussen
A.P. Moller – Maersk CFO Trond Ø. Westlie
Frants E. Bernstorff-Gyldensteen
MAERSK OIL EXECUTIVE TEAM
CEO Jakob omasen
CFO Kenneth Murdoch
COO Kevin Manser
Head of HSSEQ Wells Grogan
Head of Exploration Lars Jorgensen
Head of Business Development Jon Ferrier
Head of Corporate Technology & Projects Troels Albrechtsen
Head of Legal Mikkel Falkenberg
Head of HR Stina Nielsen
President of Maersk Oil Inc. Bruce Laws
REGISTRATION AND COMPANY ADDRESS
Mærsk Olie og Gas A/S, Esplanaden 50, 1263 Copenhagen K,
Denmark.
Mærsk Olie og Gas A/S is a registered as a Danish company,
company no: 22757318
Maersk Oil operates production of about 625,000 barrels of oil equivalent per day
from Denmark, the UK, Qatar, Kazakhstan, Brazil and Algeria. Exploration activities
are ongoing in Angola, Norway, the US Gulf of Mexico, Greenland and in the
producing countries. For more information about Maersk Oil, please visit the
website at www.maerskoil.com
USD million Maersk Oil A.P. Moller - Maersk
Highlights 2011 2010 2011 2010
Revenue 12,616 10,250 60,230 56,090
Profit before exploration costs 11,005 8,873
Exploration costs 990 605
EBITDA 10,015 8,268 14,661 15,867
Depreciation, amortisation and impairment losses 2,171 2,418
Gain on sale of non-current assets, etc., net 2 4
Share of profit/loss in associated companies -4 -
EBIT 7,842 5,854 10,274 10,608
Financial items, net -96 -52
Profit before tax 7,746 5,802 9,422 9,672
Tax 5,685 4,143
Profit for the year 2,061 1,659 3,377 5,018
Cash flow from operating activities 4,365 3,954 7,262 10,132
Cash flow used for capital expenditure -3,788 -1,962 -9,759 -4,638
Invested capital 6,427 4,917 7,804 4,745
ROIC 36.3% 32.6% 8.3% 12.2%
Average share of oil and gas production
(thousand barrels of oil equivalent per day) 333 377
Average crude oil price (Brent) (USD per barrel) 111 80
FINANCIAL INFORMATION
FOR MAERSK OIL AND
A.P. MOLLER - MAERSK
Enclosed with the company profile are
• A.P. Moller – Maersk annual reports
for 2009-2011
• Maersk Oil annual reports in Danish
and English for 2009-2011