Maersk Drilling Outlines Future Plans

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Maersk Drilling lays out plans to provide the upstream oil and gas industry with appropriate rigs for a more challenging drilling environment.

Maersk Drilling is committed to the global market with long-term plans for providing technology-driven rigs. Its investments would match every aspect of international solutions to drill in ultra deepwaters and ultra-harsh environment.

The company outlined its plan for the coming year, having recently added one newly built drillship and a jackup to the group’s fleet.

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Jan Holm, Managing Director, Maersk Drilling Holdings Singapore Pte. Ltd. Source: Maersk Drilling

“Our plans for growing the business do not stop with these eight drillships currently under construction. The goal is a rig fleet of 30 rigs,” Maersk Drilling Managing Director in Singapore Jan Holm said in an interview with Rigzone.

“When the time is right, we will be looking to expand the fleet further within our two focus areas; ultra deepwater floaters and jackup for ultra-harsh environment.”

However, the 30-rig goal is not a prerequisite for the target to achieve net operating profit after tax of $1 billion by 2018.

“We expect to invest in one to two more rigs in order to reach the $1 billion, that is, additional investment of $1.3 to $2 billion,” Holm, an industry veteran with an understanding of global exploration and production requirements, commented.

Two important drivers would propel drillship demand for the next 10 years. First, there is growing demand and second an aging rig fleet.


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