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January 22, 2010
On 22 December 2009, A.P. Møller - Mærsk A/S announced the agreement between
Mærsk Olie og Gas A/S ("Maersk Oil") and Devon Energy Production Company, L.P.
regarding the acquisition of interests in the Cascade, Jack and St. Malo fields
in the Gulf of Mexico.
The transaction comprised a 50% participating interest in the Cascade field and
a 25% participating interest in each of the Jack and St. Malo fields and was
amongst other subject to the other partners in the fields waiving their
preferential purchase rights.
The partners in the Cascade field and the St. Malo field have exercised their
preferential purchase rights and Maersk Oil is now considering its options
under the purchase agreement with respect to the Jack field.
Copenhagen, 22 January 2010
Contact person:
Jakob Bo Thomasen, CEO of Mærsk Olie & Gas A/S, tel.: + 45 3363 1911
(C) Copyright 2010 A.P. Møller - Mærsk A/S All rights reserved