Maersk Oil Reviews | Glassdoor

Maersk Oil Reviews

Updated July 22, 2017
106 reviews

Filter

Filter

Full-timePart-time

3.0
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
(no image)
Jakob Thomasen
40 Ratings

106 Employee Reviews

Sort: PopularRatingDate

Pros
  • Good work/life balance although pressure has increased with the oil downturn (in 19 reviews)

  • Good company to work for and look after the employees (in 5 reviews)

Cons
  • Decision making is very top down, lack of or inconsistent vision/direction (in 5 reviews)

  • Employees do not know what's going on with the Houston office everyone seems to be left in the dark (in 4 reviews)

More Pros and Cons

  1. Helpful (1)

    "Good Company, Poor Leadership"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Houston, TX
    Former Employee - Anonymous Employee in Houston, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Maersk Oil full-time (More than 3 years)

    Pros

    -Competitive pay and benefits
    -Catered lunch daily
    -Reasonably flexible working schedule
    -Opportunity to involve yourself in many areas of the business

    Cons

    -Corporate did not seem as committed to business units outside of headquarters in Denmark
    -Excessive bureaucratic red-tape in decision making and duplication of tasks with little organization between business units
    -Seem to lack a unified direction between business units

    Advice to Management

    Diversify your assets so as to avoid economic hardships felt with the decline in oil prices. Increase your risk tolerance.


  2. Helpful (1)

    "Maersk Oil's Now Defunct Houston Office"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Maersk Oil full-time

    Pros

    The Houston office of Maersk Oil was set-up in approx. 2008 to be a deep water center of excellence staffed with technical professionals across many disciplines cherry picked from the Petroleum sector, and despite high hopes for success, numerous unsuccessful deep water exploration efforts in Brazil, Angola and the Gulf Of Mexico resulted in severe financial losses and significant lay-offs in 2014 and 2015, and despite still having an active development project in Angola, the low oil prices in 2016 forced closure of the Houston office and lay-off of the remaining 41 Houston-based employees.

    Cons

    Salaries were overall competitive, but the company was deficient in some benefits when compared with other Houston-based companies. There were no long term incentives provided such as retirement benefits for Houston-based employees. Career progression opportunities were essentially non-existent, and to the extent that there were any career progression opportunities...preferential treatment was given to Danish staff members. When the Houston office was closed in 2016,41 Houston based employees were laid-off, and there was no effort made to provide any job opportunities to the Houston-based employees in any of the other Maersk Oil global locations.

    Advice to Management

    If you ever decide to open an office again in the Houston area, it will be quite difficult to find seasoned petroleum professionals to recruit in the wake of the multiple series of lay-offs that occurs between 2014 - 2016. Consequently, the company does not have a good reputation here in the USA, despite the company's great concern about the integrity of it's brand. If a Houston office re-opening is ever again considered, then the company needs to be very aggressive with regards to the compensation and benefits offered as an incentive to overcome existing local negative perceptions about the company.

  3. Helpful (9)

    "The fall from mid-upstream company to small player"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Engineer in Denmark, IA
    Current Employee - Engineer in Denmark, IA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Maersk Oil full-time

    Pros

    Good work-life balance in Denmark + flexible time. Good salary for Denmark (local contract) so overall purchase power is very descent compared to other EU countries.

    Cons

    The company is shrinking. Big hopes to grow the business have vanished for several reasons: inability to grow in-organically, failure in exploration projects and recent shift in Group's strategy resulted in these big hopes to crumble.
    Opportunities to develop are virtually inexistent.
    Middle management is technically weak and lacks of leadership.

    Advice to Management

    Stop hiding behind the only projects that may save the company (Johan Sverdrup and Culzean). Be open about the company's weaknesses and past failures (deep water, expansion in the middle-east?) to build a strong strategy.
    Truly live the values, in particular constant care and humbleness.


  4. Helpful (7)

    "Look good from outside"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Maersk Oil full-time (More than a year)

    Pros

    Good salary and benefits. Flexible work hours. In house cafeteria with subsidized lunch. Great health insurance. Fruit baskets! 4 1/2 day work week.

    Cons

    Not enough project in the pipeline. Recycling same work for the last 4+ years. Poor upper management in the corporate headquarter. If you are not from Denmark, you don't have a future with this company. Stay away from this company.

    Advice to Management

    Hire some managers with above average common sense . The office is closed now. They have basically laid off everyone except the managers. It's truly a sinking ship.


  5. Helpful (1)

    "Great Benefits"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Maersk Oil full-time

    Pros

    The company had great health insurance policies and a good 401k.

    Cons

    The office is reducing in size so the benefits might not continue at the great level as before.

    Advice to Management

    Keep up the good work.


  6. Helpful (2)

    "Review of DC/IM"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Negative Outlook
    No opinion of CEO

    I worked at Maersk Oil full-time

    Pros

    Great benefits.
    Team of hardworkers.
    Pays well.
    Core Values.
    Takes care of full-time employees.

    Cons

    Not many opportunities.
    Management seems very inexperienced with MCPs.
    Direction of Executives not very clear.

    Advice to Management

    Establish a direction, and place the proper experienced folks into the right positions.


  7. "Intern"

    StarStarStarStarStar
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great employees who are smart and motivated and fun to work with. MITAS program looked great for recent graduates.

    Cons

    No 9/80 work schedule, few intern professional development activities in Houston.

  8. "Great Place...no future"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Houston, TX
    Current Employee - Anonymous Employee in Houston, TX
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    Great Company with excellent benefits.

    Cons

    Indecisive Management. Need a better strategy. Long term outlook is pretty bleak.


  9. "Great company, little success."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Houston, TX
    Former Employee - Anonymous Employee in Houston, TX
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Maersk Oil (More than a year)

    Pros

    Great company with a lot of history and structure. Great benefits.

    Cons

    Very provincial and not global. Trying but not getting there. Are all over the world but act local.


  10. Helpful (4)

    "Poor Strategy for Houston Office"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Maersk Oil full-time

    Pros

    Great opportunities through their MITAS program, food and soda was provided for a small fee

    Cons

    Hard to get any training approved, poor strategy for Houston office, other offices have nice features like beer after work, sit stand desks, games in common areas, bikes to use to get around near by, etc.

    Advice to Management

    Value all of your employees, especially the ones you invest a lot of money in.


Showing 106 of 115 reviews
Reset Filters