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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (28312)	4/7/2017 2:30:05 PM
From: Goose94	Read Replies (1) of 203577

Crude Oil: Good news for junior off-shore oil exploration plays. Deepwater cost fall by one fifth. According to a new Wood Mackenzie report, the cost of expensive deepwater drilling has fallen by one fifth since 2014. “We are at last beginning to see the first signs of recovery in deep-water,” because of the decline in costs, said Angus Rodger, an analyst at Wood Mackenzie. “We are now seeing scaled-down projects emerge with less wells, more subsea tie-backs, and reduced facilities and capabilities,” he added. “All this translates into lower break-evens.”

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