Offshore industry, beset by project deferrals, rig contract terminations, looks to standardization, reliability for long-term cost reductions

摘要

THROUGHOUT 2015, THE INDUSTRY HAD REMAINED hopeful that the downturn would be short-lived. During the summer, when oil prices temporarily buoyed, some believed that signaled that the market was on its way up again. However, prices trended downward after that, dipping below $40/bbl in the last quarter of the year. Many finally accepted the reality that this downturn would be lower for longer.