Net income for the year totalled $350 million, well down on 2012'snet profit of $847 million.

The slide in profit came despite the company bringing in $6.3 billionin revenue, the exact same amount generated in 2012.

Hittingthe company's bottom line however was a full-life project lossprovision of $355 million booked during the year on Guara-LulaNE project off Brazil.

Also hittingprofits was a foreign exchange currency loss of $27 million, comparedto a $40 million gain in 2012, as well as an increase in financecosts of $26 million.

It