Creating a joint venture

In April 2018, Maersk Decom was created as a 50:50 joint venture between Maersk Drilling and Maersk Supply Service to provide scalable decommissioning solutions to the offshore energy industry. The company leverages the joint venture partners heritage of over 50 years of safe and efficient operations.

Drawing on Maersk Drilling and Maersk Supply Service’s high-quality assets and technical capabilities, as well as industry partnerships, Maersk Decom offers the full range of decommissioning scopes under flexible commercial models and integrated project management.

“With the growing need for decommissioning mature fields, governments and oil and gas operators are looking for experienced partners to manage and perform this challenging task.  By leveraging the strong track record of the two companies, as well as our complementary asset base and competencies, we can lower the risk and reduce the overall cost for the customers,” says Jørn Madsen, CEO of Maersk Drilling.

Building on a strong track record

Maersk Drilling and Maersk Supply Service have both carried out decommissioning work for various clients. Since 2016, Maersk Supply Service has been project managing and executing the full scope of decommissioning services for the Janice, James and Leadon subsea fields in the UK North Sea for Total E&P UK. While Maersk Drilling did the plug and abandonment for the James and Leadon wells, Maersk Supply Service provided the marine asset coverage on all three subsea fields as well as engineering, subcontractor management, offshore planning, interface management and associated logistics, and the disposal of recovered facilities from the seabed through management of waste disposal contractors.

“By combining our marine knowledge and experience from recent decommissioning projects, we can provide oil and gas operators bundled solutions with one point of contact for the majority of decommissioning work scope,” says Steen S. Karstensen, CEO of Maersk Supply Service.

Becoming Maersk Decom

In 2018, the joint venture was named Maersk Decom, which carries with it a legacy of safe and efficient operations within the offshore energy sector.

“Maersk Decom may be a new company, but it is built on the track record that both parent companies, Maersk Drilling and Maersk Supply Service, have already established within the field of decommissioning. The name carries with it the long legacy of delivering safe and efficient operations to the offshore energy sector, and the global footprint and corporate values that we will continue to share with both parent companies,” says Lars Banke, CEO.

Maersk Decom is a core organisation of 20 decommissioning specialists based at the Maersk Drilling and Maersk Supply Service joint headquarters in Lyngby, Denmark.