Offshore's bright outlook

BP MAY have canned its Bight Basin exploration campaign but the offshore sector is looking better all the time, with supply vessel costs set to fall further next year even as service providers have slashed breakeven prices for developments.

Offshore's bright outlook Offshore's bright outlook Offshore's bright outlook Offshore's bright outlook Offshore's bright outlook

Rystad Energy analysis released this week revealed that more than half of cost reductions in offshore developments have been achieved through downsizing, simplification and design.

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