The slowdown in the oil industry and among Maersk Drilling's customers is so severe that the big plans for the company's future bottom line might have to be downgraded, says Maersk Drilling CEO Claus V. Hemmingsen.
The Maersk subsidiary, which leases drilling rigs and vessels to the major oil companies, finds itself in a market with a massive investment slowdown and a falling oil price. There is uncertainty about how long this will last, and it could force to the company to lower its ambitions in terms of absolute goals.
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