Backlog
Directional 1 backlog at the end of 2016 remained healthy at US$ 17.1 billion compared US$ 18.9 billion at the end of 2015. This reflects both the lower level of order intake for the Turnkey segment and the resilience of the Lease and Operate portfolio.
Directional1 Turnkey backlog decreased to US$ 0.1 billion compared to US$ 0.5 billion in 2015 as no major Turnkey orders were signed in 2016. As market conditions continued to be challenging during the period, the level of tendering activity was lower than in 2015 and the order intake continued to be impacted by structural delays in client final investment decisions.
Backlog as of December 31, 2016 is expected to be executed as per the below tables:
Backlog (in millions of US$)
Backlog (in millions of US$)
|
in million US$ |
Turnkey |
Lease & Operate |
Total |
|---|---|---|---|
|
2017 |
0.1 |
1.5 |
1.6 |
|
2018 |
0.0 |
1.5 |
1.5 |
|
2019 |
0.0 |
1.5 |
1.5 |
|
Beyond 2020 |
0.0 |
12.5 |
12.5 |
|
Total Backlog |
0.1 |
17.0 |
17.1 |