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Deepwater costs continue to plummet-II: Where have the cuts taken place?
Jul 21: Which are the major areas where deepwater costs are coming down?
8Find out which components are contributing most to the cost decrease.
8There is a direct cost reduction, there an overrun reduction, there are savings on shorter time cycles and standardizations.
8In direct cost reductions, component wise reductions are highlighted in the analysis
8Standardization impact is measured as also faster completion time
Additional benefits include:
-- Lower capex
-- Purchase rationalization
-- More effective engineering hours
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