[SINGAPORE] Denmark's Maersk Drilling will invest up to US$8
billion to buy at least seven new oil rigs by 2017, undeterred by waning
global energy demand and a 20 per cent drop in crude prices in the last
four months, the chief executive told Reuters.
The drilling unit of AP Moller-Maersk plans to place the first order in the second half of 2013, as part of its campaign to double its fleet to 30 over the next five years
.
"We are pursuing this plan despite the world economic situation. So far, we haven't found a reason to change," Claus Hemmingsen said during a visit to the company's office in Singapore.
Oil production is moving deeper offshore with untapped reserves found further and further from the coasts of the United States, West Africa, Brazil and Asia, keeping demand strong for rigs owned by Maersk Drilling, Transocean and others.
Deep commitment: Maersk has Singapore's Keppel constructing three ultra-harsh environment jack-ups, which are likely to be used in the waters of the North Sea - MAERSK
The drilling unit of AP Moller-Maersk plans to place the first order in the second half of 2013, as part of its campaign to double its fleet to 30 over the next five years
.
"We are pursuing this plan despite the world economic situation. So far, we haven't found a reason to change," Claus Hemmingsen said during a visit to the company's office in Singapore.
Oil production is moving deeper offshore with untapped reserves found further and further from the coasts of the United States, West Africa, Brazil and Asia, keeping demand strong for rigs owned by Maersk Drilling, Transocean and others.
Deep commitment: Maersk has Singapore's Keppel constructing three ultra-harsh environment jack-ups, which are likely to be used in the waters of the North Sea - MAERSK
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