Short-term deepwater pain before long-term gain

摘要

Deepwater production is vital in the long term for the upstream industry, being forecast to flow 11 MMbbl/d by 2040 - but for now, the industry's busy conveyor belt of projects has come to a grinding halt. Few doubt that deep and ultradeepwater developments will have their time again but, according to present forecasts, final investment decisions (FID) for new deepwater facilities will be a rare sighting for a while.