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/exploration/14062016/mckinsey-energy-offshore-drilling-market-report/
You might also like
ADNOC announces first production from Belbazem offshore block
ADNOC has announced the start of crude oil production from its Belbazem offshore block, underscoring the company’s commitment to responsibly meet the world’s growing demand for energy.