OEF Rapid Review Articles
Drilling activity in the deepest parts of the world’s waters can yield tremendous oil volumes, but exploring thousands of feet below sea level is also the most expensive of energy’s high tech endeavors. And in an environment of $30 oil, investment in deepwater production is pouring out. Beyond a rebound in oil prices, recovery of the deepwater sector could take an additional two years, Sajjad Alam, senior vice president at Moody’s Investors Service told Rigzone.
igzone.com
LINK TO THE SOURCE ARTICLE:
Deepwater Sector In Deep Trouble
LINK TO THE SOURCE ARTICLE:
Deepwater Sector In Deep Trouble