The market for offshore drilling is experiencing a downturn as oil companies are curbing their exploration and spending budgets in response to a falling oil price. Maersk Drilling must reduce costs and enhance efficiency in order to mitigate the impact of the deteriorating market and to deliver valuable services to our customers.
In meeting society’s energy demand under today’s market conditions, we focus on being a responsible business partner, putting the safety of people and the environment first, and on operating an energy efficient fleet of drilling units. It is Maersk Drilling’s belief that this will generate sustainable development for Maersk Drilling and for society.
The threat of global warming
Since the early 20th century, the Earth’s surface temperature has increased by about 0.8o C., with about two thirds of the increase occurring since 1980. Rising global temperatures have been accompanies by changes in weather and climate, and scientist are more that 90% certain that they are primarily caused by increasing concentrations of greenhouse gases produced by human activities. A growing population and increasingly advanced societies are driving the demand for global energy and commodities, which contributes to increased environmental pressure.
What does the future energy mix look like
Our goals are ambitious, and they look good on paper. However, this does not change the fact that Maersk Drilling is a company that supplies rigs for offshore drilling. We must acknowledge that we are one of the elements of the global warming challenge. Nevertheless, the world needs more energy, and renewable energy sources cannot meet the demand on their own; fossil fuels are still needed in order to provide enough energy globally.
Collaborative partnerships to reduce environmental impact
Spills, atmospheric emissions, and the way we handle chemicals and waste are our primary environmental focus areas. We believe there will be an increasing emphasis on reducing the environmental impacts of drilling operations, and we are working with our stakeholders to integrate these concerns into our business practices. It is Maersk Drilling’s intention to reduce the environmental footprint both of our operations and of our supply chain, as well as considering environmental concerns in the design of our new rigs and the retrofitting of our existing fleet.
What we are doing
- We work to reduce energy consumption and emissions on our rigs in collaboration with our customers, industry, and other business partners
- We strive for zero incidents in order to minimise our environmental footprint, and to identify innovative solutions for improving the design of new rigs and retrofitting our existing fleet
- We acknowledge that we are part of the environmental challenge, and we are engaging in dialogue with our stakeholders in order to find solutions