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SageWise

01/20/09 6:34 PM

#84427 RE: Traderfan #84421

DPDW business is just fine and is even flourishing despite the current price of oil, from what I hear. Not surprising when you think from the perspective of oil Co's investing in deepwater E&P projects - they tend to take a long term view and are not as affected by the daily fluctuation. True - the current situation has given pause to some projects in the industry but unfortunately when demand fires back up again, it's not a tap that can be switched on and off readily. Mexico using this time to catch up on deepwater in the GoM.