Subsea 7 sees limited Africa competition but no 'blank cheque'

摘要

Subsea 7 warned that it is seeing a potential softening in the market as operators become concerned about rising costs and that its spare capacity in West Africa does not necessarily mean it has a "blank cheque" in future bidding. The company said that the West African market is affected by uncertainty on the timing of awards, a feature of the industry generally, and a potential short-tenn slowdown in the shallow water conventionals market.