Change in U.S. Gulf of Mexico Development Profile Adjusts km/Subsea Tree
As the U.S. GoM focuses on oil developments, for the most part, Quest forecasts a reduced volume of long-distance subsea tiebacks of gas projects to shelf production hosts. The oil developments also tend to require more subsea trees than their gas counterparts, therefore Quest expects less volume of SPU is expected for each subsea tree ordered. This does not mean the opportunities are not out there, but the type, size and complexity of the dominant development in the U.S. GoM has changed since pre-2008 and will likely stay this way until natural gas plays become more economically attractive again.
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