The company holds a 31.56% non-operated interest in the Golden Eagle area fields and its share of reserves is estimated to be around 45 million barrels of oil equivalent.
The Golden Eagle Area comprises the Golden Eagle and Peregrine fields, which are operated by Canada-based Nexen with Maersk Oil, Suncor and Edinburgh Oil and Gas as partners.
Construction of a platform and other infrastructure is expected to begin in November 2011, and first oil is expected in 2014 with initial production rates at between 60,000-65,000 barrels of oil a day.
Maersk Oil said its daily share is expected to be 19,000-21,000 barrels of oil equivalent.
Maersk Oil UK managing director Martin Pedersen said the approval of the field development plan is an important step towards getting production going in the Golden Eagle Area.
