Strategy
The founders of the Group focused on two primary parameters to optimize shareholder value when investing in the mobile offshore drilling unit (MODU) sector:
- early cash flow
- top management
The management team is in place and the five semisubmersibles and one drill ship are well positioned to generate cash flows and returns for the shareholders.
The Group is actively evaluating possibilities to continue growing the company, which is consistent with the Group’s positive outlook for the future of this business with strong utilization and exceptional dayrates.
With the strong factors that have driven the growth of the rig market, the Group expects that an industry consolidation will take place among the suppliers of MODU’s. The Group will have an opportunistic approach to growth and consolidation
