Subsea 7 is set to quit Singapore and relocate its regional headquarters to Malaysia in the face of rising costs and the poor offshore market.
The move to Kuala Lumpur is due to be completed by late 2016, according to reports in Singapore’s The Business Times.
The Oslo-listed offshore vessel operator is said to be making about two-thirds of its 90-strong team in Singapore redundant as part of the move.
Several
