Press release

Maersk Drilling announces reduction of positions in head office

In response to a weakened market for offshore rigs with lower utilisation and day rates, Maersk Drilling has initiated a larger cost reduction and efficiency enhancement programme. As part of this program, Maersk Drilling has today announced a reduction of 90 positions in the head office, of which 40-50 are to be found through redundancies.

Maersk Drilling announces reduction of positions in head office

Maersk Drilling has today announced a reduction of 90 positions in the head office, of which 40-50 are to be found through redundancies.

“The fall in the oil price over the last six months has further intensified the capital discipline among our customers, leading to lower demand for offshore rigs and pressure on day rates. In order to remain competitive in this market, we need to look at ways to reduce costs and enhance efficiency.  One of the ways to reduce our costs is to reduce the number of positions in our head office,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group and continues:

“It is regrettable that we have to scale down the head office, however, under the current market conditions it will be irresponsible not to act. The reduction in positions in the head office will not impact the safety and operational performance of our rigs.”

For further information, please contact Helene Aagaard, Senior Communication Partner on +45 2346 7633.

Facts about Maersk Drilling Maersk Drilling has an ambition of becoming a significant contributor to Maersk Group with a profit (NOPAT) of USD 1bn by 2018, while conducting incident free operations. The modern fleet counts 22 drilling rigs including drillships, deepwater semi-submersibles and high-end jack-up rigs. Further, Maersk Drilling has an ultra deepwater drillship and one ultra harsh environment jack-up rig under construction. Maersk Drilling employs an international staff of 4,000 people and generated a profit (NOPAT) of USD 528m in 2013. For further information see www.maerskdrilling.com

Contact

Tine Østergaard Hansen
Tine Østergaard Hansen
Head of Corporate Communication & Sustainability

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