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31/03/2014at 12:56

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.
Photo: Øyvind Hagen - Statoil
Photo: Øyvind Hagen - Statoil
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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