WATCHING THE WORLD DAVY'S DOWNFALL

With Roger Vielvoye from London For small and even medium sized contracting companies large turnkey contracts have always carried an element of risk. Just how large that risk can be was demonstrated by Davy Corp., London. It is being sold as the result of a disastrous-and still not finished-conversion of a semisubmersible drilling rig to a floating production unit for the marginal Emerald oil field in the U.K. North Sea.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Companies