Question-and-Answer Session
Operator
(Operator Instructions) Our first question is coming from Bill Herbert with Simmons & Company.
Bill Herbert - Simmons & Company
Jack, with regard to the 21 trees that you garnered in the quarter, can you give us some flavor as to what the composition of those orders were in terms of customer mix and what have you?
Jack Moore
A lot of ones is in (inaudible), we had three that booked for ATP, Nexus, Marathon, BP, BG and Petrobras. So we were pretty well represented in all over the world; Australia, Gulf of Mexico, North America, and Brazil.
Bill Herbert - Simmons & Company
With regard to the visibility for onesies and twosies in step out activity and what have you, are you encouraged by what you see right now?
Jack Moore
Absolutely. BP has been very active with identifying lots of projects in both the North Sea and the US. In fact, the North Sea was pretty quiet last year for BP. This year we had a pretty good start right out of the chute. I would say where our customers can time back the infrastructure that already exists. It could be a homerun for them, especially as we're seeing oil prices creep back up.
Bill Herbert - Simmons & Company
How should we think about pricing on a going forward basis? I'm sure it's probably a little bit weaker at least with regard to your bidding activity. Want some flavor as to sort of magnitude of weakness and your expectations going forward.
Jack Moore
Well, I would think, Bill, where you see where you have good working relationships with your customers, where you're tying back the existing infrastructure, especially with these one or two or three order requirements. I think you're going to be more focused on execution than price as much as anything. But on the larger tenders, you know, we haven't really seen any of them book yet.
So it's hard to tell where the price is going to come in. My guess is we'll see some pressure on price with some of the larger projects as they continue to push to the right. We got to remember that the subsea business is risky. It has a lot of things that can go bump in the night, a lot of variables. I just hope our customers recognize that there's only so much risk that can be taken and the margins can go away real quick if you're not careful.
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