Upstream supply chain recovery to continue this year, says WoodMac
Upstream supply chain recovery to continue this year, says WoodMac
The global offshore upstream supply chain saw signs of recovery in 2018, and this looks set to continue in 2019, according to Wood Mackenzie.
As project FIDs increase, demand for equipment and services are buoying the prospects for the upstream supply chain.
However, the downturn left its mark on the sector. Projects remain leaner and phased, and cost discipline remains high on the agenda. The consultant pointe...