Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
Earning a good return on investment from deepwater developments has never been easy, given the enormous costs associated with finding and producing oil and gas from water depths measured in thousands of feet. Sky-high commodity prices obviously changed the calculus of deepwater development. Deepwater projects are projected to increase by 18% in the next five years, Fig. 1.
But just as prices are now collapsing, a major obstacle could remain: If current predictions hold true, a severe shortage of sophisticated drilling equipment will soon cool the deepwater market - and force every E&P company with deepwater programs to factor these shortages into their long-range planning.
E&P companies are no strangers to cyclical shortages, of course, and their management teams know from experience that markets typically respond to shortfalls by generating new sources of supply. But deepwater drilling rigs bear little resemblance to their onshore cousins, and the tools required for ultra-deepwater development are among the most complex found in any industry.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
New Delhi - January 11-14
Muscat - January 26-29
Bogota - January 28-29
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.