Risks aren't new to industry, but in deepwater, strategic management becomes critical

摘要

AS OIL PRICES surge and easy-to-tap reservoirs dwindle, the oil and gas industry finds itself venturing into complicated formations and much deeper waters, using technology that just ten years ago was unfathomable. Now, with the stakes higher than they've ever been, an already risky business has become even riskier, with everything from dayrates to currency fluctuations to technology being scrutinized to an unprecedented The newest frontier, deepwater exploration, is increasingly daunting as operators push the envelope to go beyond 5,000 ft and face billions of dollars in capital expenditures.