Maersk Drilling CEO Jørn Madsen hopes that the drilling market will consist of fewer players, he says in an interview with Danish media Berlingske.
"What one might hope is that there will be fewer participants, and that there may not be pressure to get new rigs into the market. One must assume that the ones partaking in the restructuring will now make some more reasonable decisions before sending new rigs into the market," Madsen tells Berlingske.
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