2017: competitive year for shale oil and offshore

Investment in offshore and shale projects in the United States is expected to total about $ 70 billion in planned capital expenditures, according to a new report from Rystad Energy, an oil and gas consulting firm.

For every dollar invested this year in the US shale, another dollar will be allocated to offshore planned projects, accumulating $ 70 billion in each sector, analysts at Rystad Energy said.

Before oil prices began to decline in 2014, $ 160 billion was invested in drilling and completion costs and another $ 20 billion was spent on infrastructure.

At a time when many thought offshore projects could not compete with shale, offshore operators were able to turn noncommercial projects into highly competitive projects with the help of service companies, “says a report released by Rystad.


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