In an analysis on Wednesday, the international megabank, Goldman Sachs lowered its estimates for the oil price. However, the expectations to the oil companies’ investments are still high, not least when it comes to the market for deep sea rigs. A market highly concentrated on by the Maersk Group’s drilling branch, Maersk Drilling.
Goldman Sachs notes that in spite of major fluctuations in the oil price and the earnings of the major players in the oil industry, investments, Capex, have only fallen three times since 1994 – in 1999, 2000 and 2010. Furthermore, the major oil companies have strong balances prompting Goldman Sachs to expect that investments, e.g. in rigs for exploration drilling, will increase.