The global oil price downturn prompted oil and gas operators to delay or cancel plans for offshore field development in the Gulf of Mexico (GoM), including subsea tiebacks. As a result of the downturn, Rystad Energy expects only nine dedicated subsea tiebacks to start production from 2017-2021, down from 31 dedicated subsea tiebacks to existing fields that came online from 2012-2016. During that time, 43 tiebacks for both existing fields and greenfield floater projects came online, says Fredrik Folmer Ellekjaer, project manager, Rystad Energy.
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