Maersk Considers Exiting Angolan Oil Field

Danish shipping and oil group A.P. Moller-Maersk says its investment in Angola's Chissonga oil field is under consideration as a result of falling oil prices.

"We will only continue the project if we feel comfortable that we have limited risk and could expect reasonable returns," Chief Executive Nils Smedegaard Andersen said on a teleconference with journalists.

He said it is a fact, that deepwater projects like Chissonga are challenged because of high costs.

Reporting by Ole Mikkelsen