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/