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Subsea 7 Expects Order Backlog Increase in Coming Quarters

12 September 2012

Norwegian oilfield engineering group Subsea 7 expects its order backlog to increase going forward after seeing it drop in the second quarter, its chief executive said on Wednesday.

"I have no doubt that the backlog will improve over the coming quarters, not only in western Africa but also in the North Sea," Chief Executive Jean Cahuzac said at an industry conference.