Deepwater Capital Expenditure of USD 223 Billion Forecast From 2013 to 2017
In 2013, as deepwater projects become increasingly capital intensive, there are economic challenges for exploration and production (E&P) companies and a potential prize for international oilfield service and equipment vendors. Deepwater represents a long-term opportunity.
Deepwater Spending to Rise to USD 232 Billion in Next Five Years
Expenditures for deepwater projects are expected to rise by 90% over the next 5 years. Drilling and completion of subsea wells will dominate deepwater spending. Higher oil prices are supporting the development of deepwater prospects to contribute to world energy supplies.
Outlook is Optimistic for Investment in Global Offshore Oil and Gas
This article focuses on offshore opportunities globally and identifies the hot spots of activity. It also examines some of the key issues facing the sector and the energy supply chain, such as the need to maximize oil and gas recovery from challenging environments, to innovate, and to reduce costs.
07 November 2017
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30 October 2017