Subsea 7 rips up revenue guidance due to coronavirus impact

UK-based subsea contractor warns it will be unable to meet earnings target for 2020 as Covid-19 hits progress on field projects

Ongoing work: Subsea 7 has been awarded a contract on phase two of Aker BP's Aerfugl field scheme off Norway — Ongoing work: Subsea 7 has been awarded a contract on phase two of Aker BP's Aerfugl field scheme off NorwayImage: AKER BP

Steve Marshall

Oslo

Subsea 7 North Sea Julimar-Brunello Aerfugl UK

Published 1 April 2020, 08:14Updated 1 April 2020, 08:14