EnergyWatch

Maersk's decommissioning venture expects first profit in 4-5 years

It will take four to five years for newly established Maersk Decom to produce its first profit. "But we're seeing that it will in time become profitable," CEO Lars Banke tells EnergyWatch's sister media ShippingWatch.

Photo: Maersk Supply Service

It will take some more years before A.P. Moeller-Maersk's foray into what is expected to be a billion-dollar market reports a positive bottom line.

Maersk Decom is the name of Maersk Supply Service and Maersk Drilling's joint venture to target jobs to decommission end-of-life rigs by oil fields, which in the North Sea in particular is expected to become a lucrative business.

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