Will engineering contracts disappear to Asia?

8 April 2014

How profitable is it to place offshore contracts outside the country?

Asian, especially South Korean, manufacturers are currently signing more offshore contracts than Norwegian manufacturers. On Monday April 7th Offshore.no published an article regarding how profitable it is to place offshore contracts outside the country.

Professor at BI Norwegian Business School, Torgeir Reve, is questioning whether it is possible to adapt the Apple-model to Norwegian subsea: designed here - manufactured abroad, or if the design and engineering jobs will disappear as well.

– When offshore contracts are disappearing to Korea, the question regarding whether the engineering will go with it or not rises. It will have major repercussions if the larger engineering contracts are being moved as well, says Reve to Offshore.no.

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