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Drilling CEOs predict acquisitions and consolidation in the sector

Valaris and Seadrill call for consolidation in the drilling sector, declaring their own readiness to partake, according to media.

Valaris CEO Anton Dibowitz. | Photo: PR / Seadrill

The chief executives of two heavyweight drilling companies, Valaris and Seadrill, foresee that their companies will undergo rapid change in the time to come, calling for continued consolidation in the sector.

”Absolutely. We have been very clear on the fact that we think consolidation would be good for the industry,” said Valaris CEO Anton Dibowitz during a conference in Oslo, according to Norwegian media Finansavisen.

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