Rystad Energy: Offshore O&G has tremendous room for growth

Offshore oil and gas industry will continue to thrive and has much to offer in the future despite oil price downturns and the shale revolution, according to Norwegian oil and gas intelligence firm Rystad Energy.

For the 50th anniversary of world’s largest offshore industry event, OTC in Houston, Rystad Energy asked the following question: “What will the next 50 years hold for the offshore market?”

To answer its own question, the energy intelligence firm analyzed the historic investments and oilfield service purchases of the world’s 50,000 oil and gas fields. While the forecast is uncertain, Rystad says its analysis paints a picture of how offshore could contribute to the future of the service industry.

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