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Image courtesy of Maersk Oil/Facebook.

Maersk Oil said on Monday that its Danish business unit will shed over 150 jobs as part of a streamlining effort.

Maersk said that, following an organizational review carried out by Maersk Oil headquarters in late 2016, Maersk Oil Danish Business Unit (DBU) will simplify its organization to “improve efficiency and ensure delivery of Maersk Oil’s three pillar strategy.”

The company said the reorganization is expected to “run during the coming months.”

Maersk said a first phase to reconfigure the onshore organization will be completed during the first quarter of 2017.

The first phase of the Maersk Oil DBU plan calls for the company to consolidate all employees of the Danish Business Unit at the company’s Esbjerg office.

As part of the consolidation, Maersk Oil DBU is expected to reduce its headcount by up to 160 positions.

“Our employees have done a great job in getting us to where we are today, and we recognize that this announcement will be unsettling news for them. It is however a necessary step in order to remain competitive in the Danish North Sea and the wider Maersk Oil business,” Martin Rune Pe dersen said.

Maersk said the plan is subject to statutory consultation and local labor law.

“The simpler organisation enables us to operate in a leaner and more integrated way with a maintained focus on creating maximum value from safe operations of the mature fields in the Danish North Sea,” Managing Director of Maersk Oil DBU Patrick Gilly said.