Danish offshore driller Maersk Drilling recorded a net loss in 2019 and a decrease in revenues due to lower dayrates and higher financial expenses compared to the previous year.
For the full year 2019, Maersk Drilling posted revenues of $1.2 billion, a decrease from revenues of $1.4 billion in 2018. The revenues were 14% lower compared with the previous year mainly due to the effect on average dayrates from the expiry of legacy contracts.
The average dayrate of $194,000 was 18% lower than in 2018 ($237,000), primarily impacted by Maersk Discoverer and Maersk Integrator having legacy contracts replaced with new contracts at significantly lower dayrates.
Brazil Energy Insight 
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