McKinsey Energy: Offshore drilling market report

McKinsey Energy Insights has produced an infographic relating to their recent global offshore drilling market report.

The graphic highlights:

• CAPEX is expected to be cut by a further 20-30 per cent between 2015 and 2016.
• 37% of deep water and 30% of shallow water green field projects will be delayed until 2025.
• The road to recovery scenarios including a supply driven rebalance and a delayed recovery.

Source: McKinsey Energy Insights

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/14062016/mckinsey-energy-offshore-drilling-market-report/