Media: Oil price changes sales prospects for Maersk Drilling

As the oil price has increased, it has become more difficult for Maersk to sell off Drilling, writes Danish daily Berlingske Business.
Photo: Maersk Drilling
Photo: Maersk Drilling

A.P. Moeller-Maersk has had Maersk Drilling up for sale for more than a year and a half. The price of oil has increased throughout that same period, and this has made the sales process more challenging, reports Danish daily Berlingske Business.

According to the paper's sources, there is still a large-scale process underway to find a buyer, but expectations for how much buyers should pay have also increased in the period..

Rowan Drilling, Borr Drilling and Diamond Offshore have been mentioned as potential buyers. Berlingske Business' sources say that Diamond Offshore has within the past month made an offer which Maersk Drilling declined.

"The CEO of Diamond Offshore (Marc Edwards, ed.) has called Maersk several times, but Maersk has stopped answering the phone. They are waiting to see how the market develops," a centrally placed source tells Berlingske Business.

English Edit: Daniel Logan Berg-Munch

Trump lashes out at OPEC's oil prices

JP Morgan expects increased oil output from non-OPEC nations

Oil Wobbles Near $66 as OPEC's Mixed Views Deepen Supply Dilemma

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading