On 1 April 2009 the responsibility for the Liquefied Natural Gas (LNG) activities within the A.P. Moller - Maersk Group will be transferred from Maersk Tankers to Maersk FPSOs. LNG will then come under the responsibility of Mr. Paul Carsten Pedersen, CEO of Maersk FPSOs.
The motivation for incorporating the LNG business under Maersk FPSOs is that the business model applied in the LNG industry is based on long-term contracts, which is in line with Maersk FPSOs. The consolidation combines relevant technical resources and supports the growth strategy for both business areas.
“Very similar to the FPSO industry, the LNG business is a long haul effort to win contracts and is to a significant extent a project oriented business. The customer relation is very long-term where safety and operational performance are the key issues”, says Claus V. Hemmingsen, Partner responsible for Maersk FPSOs. “Maersk FPSOs has the resources and skills required to pursue potential opportunities in related business areas such as LNG re-gasification and floating LNG production to further grow the businesses.”
The transfer will over time encompass both commercial and technical management, and all employees involved in LNG will move to Maersk FPSOs’ office premises in Lyngby, North of Copenhagen. The move is expected to take place in May 2009.
Contact: Claus V. Hemmingsen, Partner responsible for Maersk FPSOs, phone: +45 3363 3232
The LNG activities within the A.P. Moller – Maersk Group include a fleet of five state-of-the-art LNG carriers with a newbuilding programme of three more vessels for delivery in 2009. Five of the vessels are covered on long-term time charter until 2026-2031 with charterers’ option to extend for further five, or five+five years. Of the remaining three vessels, two are fixed on two years charter until 2010-2011 with the last vessel to be delivered year end 2009 currently unemployed.
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Maersk FPSOs operates a fleet of five FPSOs and FGSOs and will take delivery of one newbuilding FPSO in 2010. All units are on long-term contracts.
Headquartered in Lyngby together with Maersk Drilling and Maersk Supply Service, local offices are found in the U.K., Norway, Australia and Republic of Congo. A new Maersk FPSOs office will open in Rio de Janeiro later this year.
Maersk FPSOs employs an international staff of approx. 550 people.