Deepwater spend to ramp up

CONCENTRATED activity in Africa and the Americas will push deepwater spend to US$126.9 billion (A$163.6 billion) within four years, just as supermajor Total reinforced its exploration in west Africa, a hotbed of activity of late.

Deepwater spend to ramp up Deepwater spend to ramp up Deepwater spend to ramp up Deepwater spend to ramp up Deepwater spend to ramp up
While project sanctioning has improved over the past 12 months, Douglas Westwood said in its latest World Deepwater Market Forecast 2017-2021 that operators were still cautious of uncontrolled project

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