Maersk Drilling is looking into buying used oil rigs to take advantage of low prices and the financial clout of its parent, A.P. Moeller-Maersk A/S.
Claus Hemmingsen, the division’s chief executive officer, says the market collapse has created new opportunities and means Maersk Drilling may shift away from a pattern over the past two decades of only expanding through new rigs.
“We’re looking at what’s happening with asset prices and a lot will come up for sale in 2016 and 2017,” the CEO said in an interview at the company’s headquarters outside of Copenhagen. “At the moment, it’s hard to read the market, and know for sure if it’s time to buy, but there will be units with good quality we would be interested in.”
Brazil Energy Insight 
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