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Friday, 01/27/2023 1:31:28 AM

Friday, January 27, 2023 1:31:28 AM

Post# of 7878
‘On the road to a healthier offshore industry’, released January 23, 2023.

https://www.workboat.com/viewpoints/on-the-road-to-a-healthier-offshore-industry

Excerpt:

“Barclays’ 38th annual E&P Spending Survey calls for a healthy onshore spending increase with an upside bias, but importantly they see offshore spending increasing at twice 2022’s rate of increase (24% vs. 12%). This should be welcomed news for offshore contract drillers and their support providers, especially as producers are stepping up deepwater drilling in addition to more shallow-water work. Hunting elephant oil deposits in deepwater is becoming a higher priority for producers assessing long-term global oil industry supply/demand dynamics and their production profiles, especially as the prolific U.S. oil shale basins offer limited growth opportunities.”




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