Subsea 7 sees projects emerging with double Angola hopes

摘要

Subsea 7 said it is seeing a light at the end of the tunnel for the resurrection of projects and is currently bidding on four in Africa including Platina and Zinia off Angola. "Looking ahead over the next 18 months, we believe that the better oil price and continued progress on sustainable cost reductions could drive more project awards to the market. I mean, it's clear for me that we are seeing more interest from clients who are resurrecting projects and asking us to relook at engineering and getting ready to update pricing" said chief executive officer Jean Cahuzac.