Semco: Statoil cost reduction efforts hit suppliers hard
Statoil's decision to cut one third of the company's costs on supplier contracts will have a severe impact on the companies servicing Statoil, says Semco Maritime.
BY OLE ANDERSEN
Statoil's decision to cut 30 percent of costs related to supplier contracts in maintenance and upgrades will have severe consequences for the industry as a whole and particularly for major operators in M&M - Maintenance & Modifications, says Semco Maritime.
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