CAPEX

The first subsea multiphase boosting system was installed in 1994. Since then, it has grown into a technology with a global track record.

Sustainable cost reductions through innovation and standardization will have more of a positive effect on the offshore sector than cyclical oil-price increases, an OTC panel of industry participants agreed.

With their newly refined portfolios, operators are looking toward growth in the coming years but will remain cautious given ever-changing industry economics.

Offshore exploration will be slow to come back as companies have delayed billions in projects through 2020. Exploration projects also must complete for funds with brownfields developments like EOR that potentially provide a shorter time to show a return.

Panelists at CERAWeek discussed the numerous steps their companies are taking to achieve large-scale permanent, in addition to cyclical, capex reductions on major projects.

This paper provides a retrospective assessment of the Barnett and Eagle Ford Shale plays to highlight lessons learned and the associated value of those learnings.