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Dreadful year for drilling sector hits Maersk Drilling with billion dollar loss

Rig operator Maersk Drilling reports a billion dollar deficit for 2020 after a year hit by large oil price drops and the coronavirus pandemic. For 2021 the company expects a lower operating result.

Photo: Jonathan Bachman / AP / Equinor/AP Images

A dreadful year for the drilling sector, with large price drops and the coronavirus pandemic, cost Maersk Drilling a deficit of USD 1.5 billion for 2020, shows the annual report Friday.

The large deficit for 2020 is especially related to large impairments of a combined USD 1.5 billion in 2020.

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