Maersk Drilling lowers guidance due to plunging oil prices and coronavirus

Maersk Drilling revises its 2020 guidance, lowering it from USD 400-450 million to USD 325-375 million.

The plunging oil prices and the corona pandemic cause Maersk Drilling to lower its 2020 guidance. | Photo: PR / Maersk Drilling

Declining oil prices and the coronavirus outbreak now cause Maersk Drilling to lower its 2020 guidance.

The operating result (EBITDA) is now expected to land somewhere in the USD 325-375 million range against the previously announced USD 400-450 million, informs the company in a notice to the stock exchange.

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