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100 new offshore projects to be sanctioned this year: Rystad Energy category
May 5, 2018
Source: World Oil

100 new offshore projects to be sanctioned this year: Rystad Energy

According to Rystad Energy, the current tailwind in the oil market is likely to propel 100 new offshore projects to be sanctioned in 2018. These projects are geographically widespread and represent a collective capital investment worth $100 billion, with very little risk of not materializing. Moreover, the project costs have come down by 50% owing to streamlining of operations.

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