Maersk Drilling CEO on Growth Plans, Overcapacity, Consolidation

The video discusses the current state and future prospects of the oil drilling market, focusing on improvements in the Norwegian market and the potential for industry consolidation. It highlights the impact of capital expenditure trends and efficiency measures on the industry. The speaker also addresses the company's financial health and strategic growth areas, emphasizing their strong balance sheet and market position.

What is the main focus of the company's growth plan as discussed in the first section?

• Expanding into new markets

• Improving existing market positions, especially in Norway

• Reducing operational costs

• Increasing product variety

Since when has the market shown signs of improvement, according to the second section?

• 2018

• 2017

• 2016

• 2015

What has been a significant factor in the opening of capital expenditure by major drillers?

• Procurement-driven cost reductions

• Technological advancements

• Government incentives

• Increased oil prices

In the context of potential industry consolidation, what is the company's stance on participating as a buyer?

• They plan to sell off assets

• It is too early to decide

• They are not interested in acquisitions

• They are actively seeking acquisitions

What is highlighted as a strength of the company in terms of financial strategy?

• Limited market presence

• Strong balance sheet

• High debt levels

• Low profitability