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Maersk Drilling sees largest quarterly orderbook growth since 2017

Revenue declined somewhat for Maersk Drilling in the first quarter, while the company also saw the largest orderbook growth since 2017. On Wednesday, the company raised its expectations for the full year. Updated.

Photo: PR/Maersk Drilling

Maersk Drilling added USD 730 million to its orderbook in the first quarter, which is the largest quarterly expansion since 2017, says CEO Jørn Madsen in an update for the first quarter, published on Thursday morning.

The recent expansion of the orderbook has prompted the Danish drilling company to raise expectations for the rest of the year, in sharp contrast to the end of last year, when Maersk Drilling announced new orders for USD 65 million for the fourth quarter.

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