Major projects approaching start-up in shallow and deepwater

摘要

During 2014-16, the Middle East was the only part of the world to weather the oil price shock, according to Bassam Fattouh, Director of the Oxford Institute for Energy Studies. Fattouh, speaking at IP Week in London in February, pointed out that capex for projects across the region declined only nominally during this period and did not translate into a fall in activity, with increased numbers of drilling rigs in fact in operation.