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2011 May 23   11:49

Maersk no comment on report FPSOs for sale

Denmark's A.P. Moller-Maersk declined to comment on Monday on a report by oil weekly Upstream that it is considering selling its floating production, storage and offloading (FPSO) vessel business, Reuters reports.Upstream, a Norway-based oil and gas industry weekly, said Maersk had been approached and had held talks with potential buyers, as the FPSO business is no longer considered part of its core activities.

Maersk FPSO operates six mobile oil and gas production units for oil companies around the world.

A Maersk spokeswoman declined to comment.

Reporting first-quarter results earlier this month, Maersk said it would look for a buyer for its Maersk LNG unit, a gas tanker business with eight vessels.

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