Topics

SPE.org 

In a $60 to $70 oil environment, the subsea market is poised to grow around 7% annually up to 2025. But a significant portion of this activity is at risk if the price of Brent crude falls to $50 per barrel. The subsea operations company said its most recent campaign is the first fully unmanned offshore pipeline inspection completed “over the horizon,” surveying up to 100 km from the shore. The subsea tieback is expected to start up in 2021. The Neptune-operated project is on track to start drilling later this year, with first oil scheduled for the end of 2020.

  Country:
  Industry: Energy > Oil & Gas > Upstream (1.00)
  Oilfield Places: