Offshore Faces Its 'Prove It' Moment: Operators know they need large projects at lower costs

摘要

Offshore E&P, particularly in deep water, is not for the faint of heart. Project costs range from the tens of millions of dollars to the billions, and a failed project or underperforming well could prove debilitating to some companies. Additionally, even those companies that are successful in offshore development must maintain a growth approach, particularly to appease investors and analysts. However, as panelists noted during a CERAWeek session focused on deep-water development trends, it's not particularly easy to replace the hydrocarbons that are being produced.