TORE HALVORSEN IS senior vice president, global subsea production systems for FMC Technologies. What do you see as some of the issues and challenges the oil and gas industry is facing presently and in the future? There are three main areas where the industry is facing challenges in 2010 and onwards. The biggest challenge now is the economics necessary to develop new fields. The cost of development is very much on all operators' minds these days, and they are willing to look at new ways of developing fields and the use of new technology to drive down the cost of these fields. There are many marginal fields to be developed, particularly in the near term, so the focus is on cost.
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