Even Deep-Dea Drilling Is Getting Cheaper
Reports of deep-sea drilling’s demise in a world of sub-$100 oil may have been greatly exaggerated, much to OPEC’s dismay.
Pumping crude from seabeds thousands of feet below water is turning cheaper as producers streamline operations and prioritize drilling in core wells, according to Wood Mackenzie Ltd.
That means oil at $50 a barrel could sustain some of these projects …
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