Rystad Energy forecasts an increase in number of approved offshore projects in 2018

Norwegian consulting company Rystad Energy predicts that the number of approved offshore projects in 2018 will grow to 100 compared with 60 projects in 2017, which will contribute to the current rise in the oil market. According to еру experts from Rystad, each project will cost about $1 billion, the total cost of their implementation will be $100 billion. They note that cost cutting and optimization of operations have enabled shelf developers to reduce the cost of implementing offshore projects by almost 50% compared to the level of the previous cycle. Experts calculated that the daily cost of operation of offshore drilling rigs was reduced by 50-70%, surface drilling rigs - by 20-30%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong