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Operators will favour leaner projects: WoodMac

WOOD Mackenzie predicted 30 large scale final investment decisions this year, and has already seen six from its list sanctioned, and it says that overall project costs have almost halved with operators focusing towards subsea tiebacks and brownfield. 

Brownfield and subsea tie backs leading the way right now

Brownfield and subsea tie backs leading the way right now

The average cost has fallen from an average of US$5.5 billion through the decade for a major project - as defined as 50 million barrels of oil equivalent - to $2.7 billion.    Last year's project total...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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