Deepwater spend to hit $136 Bn

摘要

Global deepwater spending between 2018 and 2022 will total US $136.8 Bn, a 4% dip compared to the 2013-2017 period, says a new reports. "In 2017 we have seen an upturn in orders that is expected to extend into 2018, improving the outlook for installation spend throughout the remainder of the forecast period. This upturn has been driven by a combination of lower supplychain costs and an improvement in the oil price," said the latest edition of World Deepwater Market Forecast Q1 Report by consultants Westwood Energy. "In addition to price pressure through the supply chain from operators, many projects have also been re-engineered, and in some cases retendered. Expectations for supply chain pricing over the forecast period are relatively flat as a function of persistent over-supply in the rig and vessel markets."