Maersk Drilling Has Best Year Ever

Oil and Gas Industry News

Maersk Drilling delivered a historically high profit for the full year 2013 of USD 528m. The result – up by 52 per cent compared to last year – is positively impacted by a strong operational performance across the entire rig fleet, full utilization of all rigs, higher day rates and effective cost management for the rigs in operation.

“The 2013 performance demonstrates the underlying strength of our business, which gives me the confidence that Maersk Drilling in despite of the challenges ahead in 2014 can deliver on our long term goal of delivering a profit of USD 1bn by 2018,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller – Maersk Group and continues:

“2014 is the year where we take delivery of six new rigs and at the same time have six yard stays. In industry terms, these are extraordinary…

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