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The future is in deepwater production, says Technip-FMC presentation
Nov 03: Technip and FMC Technologies have joined hands to create one of the world's largest sub-sea technology and equipment companies.
8A presentation by the duo provides a convincing picture of how deepwater oil and gas will dominate future production in the coming years.
836 millions barrels per day is the world's appetite for incremental oil production by 2025 and bulk of it will come from deepwater assets, the presentation says.
8Offshore production already contributes a significant portion of the world's output and a bulk of the oil major's hold their 2P resources in deepwater assets
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