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.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Statoil axes 100 top-level jobs
For subscribers
Analyst: Statoil could benefit from Crimea crisis
For subscribers
.jpg&w=384&q=75)
