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Deepwater development cost: How is it coming down?
Jul 25: Deepwater development costs have gone down dramatically over the last two years
8Different cost elements were economized in different projects
8Earlier contractor or consultant involvement -- at the concept and pre-FEED level in bringing down budgets, and that seems to be of big help
The other components which were targeted were:
8Field architecture
8Concept optimization
8Sourcing and specifications
8Local content
8SPS interface
8Scope changes, among others
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