Just When Everyone Thought Deepwater Was Dead… A Twitch.

This past weekend, we read a half dozen transcripts of earnings calls from the oil majors and national oil companies (NOCs). The big guys are all whistling the same tune.

They are successfully re-engineering pending deepwater projects to fit $50 oil (and below). They are ready to clear their final investment decision (FID) pipelines. And a large and growing list of pre-FID deepwater projects now tout breakevens as good or better than the Permian Basin.

It has taken deepwater operators longer than the tight oil crowd to figure out how to adapt to $50 oil. But during the past few quarters, the majors have made some tremendous strides. Although FIDs have been few and far between over the past several years, the playing field is starting to skew more positive following this re-tooling.

We now expect to see a flurry of projects move past FID over the next 12-24 months (most welcome after after a 2.5 year hiatus).

Here is why…

There’s a lot more to this story…

Login to see the full update… 

To read this update and receive our research newsletters, you must be a member. If you are new to Infill Thinking, or your membership has expired, please email us to discuss our current subscription options at [email protected](Current members login here.)

Members get:

  • Exclusive research update newsletters
  • High-caliber, data-driven analysis and boots-on-the-ground commentary
  • New angles on stories you’ll only find here
  • No advertisements, no noise, no clutter
  • Quality coverage, not quantity that wastes your time
  • Downloadable data for analysts

Contact us to learn about signing up! [email protected]