March 2014, Vol. 241 No. 3

Projects

DW: Deepwater Spend Forecast To Surge From 2016 Onward

Deepwater expenditure is expected to increase by 130%, compared to the preceding five-year period, totaling $260 billion from 2014-18, with growth driven primarily by Africa and the Americas, according to Douglas-Westwood’s 12th edition of its World Deepwater Market Forecast 2014-2018. As production from mature basins onshore and in shallow water declines, development of deepwater reserves is increasingly vital. Robust oil prices support investment in deepwater developments – the sustained high oil prices over the past few years have increased confidence in the sector. Report author, Balwinder Rangi said, “Africa and the Americas continue to dominate deepwater

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Pipeline & Gas Journal magazine.

2) Start your full access subscription to Pipeline & Gas Journal and gain UNLIMITED access to this article, the current issue, all past issues in the technical archive, access to all special reports, special focus supplements and more. Pricing start at $395/year.   

*Access will be granted the next business day.

 

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}