What We Might See Over the Next Six Months

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With several potential awards in the pipeline for Q4 we could potentially see a “healthy mix” of those awards being distributed globally to all regions with a larger portion going to Africa/Med, Asia Pacific, and the North Sea. The majority (greater than 50%) of the steel awards will most likely go to Africa and Asia Pacific, while the majority of thermoplastic awards will most likely go to South America with the North Sea next in line. Some of the big drivers will most likely be Tullow Oil’s Banda, Stone Energy’s MC 344, BP’s Shah Deniz Phase 2, Petrobras’ Buzios SW and Lula Norte, and Husky Oil’s Liuhua 291-1.


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