Subsea Operators Are Picking The Low Hanging Fruit And Eyeing The High Hanging Stuff

Much has been said lately about deepwater lagging onshore in any sort of recovery. Rightly so, particularly for new drilling. But this doesn’t mean deepwater is dead in the water. Instead, it means the recovery could look quite a bit different this time.

We got some clues about the equipment mix shift from FMC Technologies on Thursday morning. And we got word that operators are starting to revisit some of the major projects that have been stalled in the downturn.

There’s a lot more to this story…

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