Half of cost reductions in offshore developments attributed to downsizing, simplification and design
Offshore developments have benefitted from lower breakeven prices over the last two years, latest Rystad Energy analysis shows.
Offshore developments have benefitted from lower breakeven prices over the last two years, latest Rystad Energy analysis shows.
ExxonMobil has announced a significant discovery with a potential recoverable resource of between 500 million and 1 billion bbls of oil on the Owowo field offshore Nigeria.