Gulf of Mexico: Ultra-Deepwater. Amid low oil prices, does ultra-deepwater oil have a future?
- Pages: 26
- Published: November 2016
- Report Code: ML00022-066
Global oil price forecasts predict a slow crawl up to $75 per barrel, half of peak price. In response, major oil companies drilling in ultra-deepwater in the Gulf of Mexico have been forced to lower costs, improve efficiency and find more additional oil wells. The slump in oil prices has put the industry into difficulty, inciting concerns as to the long-term future and appetite for further exploration. For ultra-deepwater drilling in the Gulf of Mexico to have a future the industry must undertake substantial reform.
Scope
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Reasons to buy
Can the ultra-deepwater industry continue in periods of low prices?What has to happen to reduce costs and boost viability?
Can ultra-deepwater continue pushing the limits and stay safe?
Companies mentioned
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Table of Contents
List of Tables
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Pricing
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