Offshore project commitments count set for record in coming years, deepwater to have top growth - Rystad Energy
04 Mar 2021
Offshore project commitments are expected to not only recover going forward, but their number is also set to reach a new record in the five-year period towards 2025, cumulatively almost 600 projects, a
Rystad Energy report shows. Deepwater commitments will enjoy the largest growth as their cost has now become much more competitive against greenfield continental shelf reserves.
For the purpose of this analysis, we have defined that a project is
committed when more than 25% of its overall greenfield capex is awarded through contracts.