Table of Contents
Directors’ share dealings .................................................................. 3
Performance & valuation .................................................................. 4
The companies................................................................................... 7
Company drivers, catalysts and risks ........................................................................................7
Company targets and outlook .................................................................................................11
Company switch & performance charts..................................................................................12
Directors’ share dealings ........................................................................................................13
The companies compared............................................................... 14
Contract strategy trends................................................................. 17
Contract synopsises ........................................................................ 18
Asset overviews............................................................................... 30
EPS & DCF sensitivity to company’s largest contracts................ 41
Appendix A: Financial calendar ...................................................... 51
Appendix B : List of countries/NOCs that have a default lump
sum strategy .................................................................................... 52
Appendix C: Directors’ share dealings........................................... 53