Danish offshore driller Maersk Drilling does not expect to see financial improvements from an increase in offshore rig demand until the market reaches a stable oil price above $60 per barrel or until industry cost levels adjust further to a lower oil price.
The current oil price remains below levels required to support sustainable economic returns for the offshore drilling market, the driller’s parent group, Maersk, said on Wednesday in its financial report for the offshore drilling part of business.
Leave a Reply