Maersk Oil may well survive as an independent oil company after being split off from its larger parent. While assets that include a stake in the giant Johan Sverdrup project off Norway will draw suitors, listing the company would make sense, analysts said.
AP Moeller Maersk A/S, Denmark’s 112-year-old shipping and energy conglomerate, said Thursday it was separating the oil-related businesses from the group over the next two years to focus on transport and logistics in a bid to maximize shareholder value. The group’s four units for oil and gas production, drilling, tankers and supply vessels will be separated individually or bundled, through joint ventures, mergers or listing, Maersk said. In the meantime, they will be included in one of two new divisions in the company, labeled Energy.