Page 36: of Offshore Engineer Magazine (May/Jun 2013)

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Deep Water

Global

Deepwater

E&P companies are ramping up exploration of deepwater and ultra-

Review deepwater reservoirs, encouraged by attractive oil prices. New developments spread across offshore Africa, Asia Pacifc,

Europe, Middle East and North and South America. showcases a few Jeannie Stell projects in water depths exceeding 1500ft.

Deepwater developments continue to increase, as oilfeld service and equipment vendors. According operators delve into deeper and more complex for- to a February 2013 report by energy advisory frm mations from which to produce oil and gas. Although Douglas-Westwood, more than US$232 billion will the sector sees signifcant long-term opportunities, be spent on deepwater excursions between now and taking on deepwater subsea challenges is not for the 2020.

faint of heart.

Deepwater projects are capital-intensive, bringing

Africa economic and technical challenges along with soar- For decades, developments offshore Africa provided ing revenues for international E&P companies and a wealth of oil and gas reserves and production, and

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