Maersk Drilling eyes African prizes
An uptick in west African activity holds promise for hard-pressed drillers
West Africa is one of the world's few hotspots for offshore drillers and could yet be poised to throw up more opportunities, as oil companies firm up their E&P plans in the region's new and expanding oil provinces. That is welcome news for Angela Durkin, chief operating officer at Maersk Drilling, whose business is still shaking off the effects of the collapse in activity during the post-2014 industry downturn-while preparing to be spun off from its parent A P Moller Maersk in 2019. "Our main focus in Africa right now is Ghana, where we have three of our drillships positioned. It's a very active market for us right now," Durkin told Petroleum Economist at November's Africa Oil Week confe
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields