FMC's opportunities in Africa but mega-project visibility poor

摘要

FMC said more than half of its major subsea opportunities over the next 15 months are in Africa although it does not expect any mega-projects to be awarded anywhere in the world this year. "Forecasting order levels for larger projects is a challenge in the current environment. There are a number of large projects that we're tracking, and we do see the potential for some of these projects to be awarded in the current year. However, we don't foresee any US $0.5 Bn to $1 Bn mega-projects being awarded this year," said chairman John Gremp