Improvement actions bring good results
The first quarter marked an important change. While the order reserve declined in the four previous quarters, the backlog at the end of March increased to NOK 36.5 billion, up from NOK 34.6 billion three months earlier. The order intake was NOK 10.5 billion in the first quarter, with several important orders being booked. For both Oil & Gas (O&G) and Engineering & Construction (E&C), order intake in the first quarter alone equalled that of the second half of last year. Several significant contracts have been awarded in the second quarter. In April and May so far, contracts and letters