Deepwater O&G Projects Get Creative in Development Structures, Cutting Costs and Expanding Reach
SUGAR LAND--May 24, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--A recurring theme in the Oil and Gas Industry today is the possible long-term nature of depressed crude prices. To navigate this low-price environment, thinking in the industry has shifted from "what are we going to do to get by until prices come back?" to "how can we make $40 per barrel profitable for us?" In the deepwater offshore industry, where new build platforms are multi-billion dollar undertakings, cutting costs by even 1% can mean millions in savings. Using new development structures such as "hub and spoke" and "design one, build two," offshore operators are maximizing efficiencies and exploiting new resources in new ways to allow continued development as an industry.
