Subscribe to RSS feedFloating oil platform spend to hit US$11bn
MORE than US$11bn of investment could be spent on deepwater floating oil production platforms in the next five years as oil companies continue to develop new fields. Deepwater operations are well insulated from the recent drop in oil prices and this year’s slump in demand for oilfield services.
With this in mind, DVB Bank’s research and strategy planning department forecasts expenditure in deepwater production systems, excluding ship-shaped units, of US$8.5bn-US$11.4bn to 2014.
DVB forecast capital expenditure for production semi-submersibles, spars and tension-leg platforms to 2014 based on the...
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