About this document
Deepwater Exploration and Investment Trends by Marcelo Varejão Casarin is a document available to read on EtoBox.
Deepwater exploration has proven to be economically rewarding despite high costs, with average full cycle internal rates of return (IRR) around 19%, significantly higher than typical upstream returns. While success rates in conventional deepwater have peaked, investment in ultra-deepwater is growing, driven by technological advancements and decreasing capital costs per barrel. The focus is shifting towards field development and production, with shorter project lead times enhancing overall economic viability
- Author
- Marcelo Varejão Casarin
- Language
- EN