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SPE.org 

Obstacles remain to keeping offshore development competitive with its onshore counterpart. Can the industry advance technology at a pace where the subsea segment will see a resurgence? Reducing the complexity and controlling the cost of major offshore projects are together one of the biggest challenges facing the oil and gas industry. There is no shortage of ideas for reducing the cost and risk of offshore oil and gas developments. The hard part is implementing them in an industry where they require changes in long-standing habits, corporate cultures, and some new technology.