Rystad: Offshore renaissance party might end in 2022

The offshore oil and gas industry is currently in a resurrection mode and is expected to keep growing, however, the annual growth rate in the global offshore oilfield services market will likely be halved after 2022, according to the energy intelligence group Rystad Energy.

In a commentary on Thursday, Rystad said that the service market would likely slow from 7% annual growth per year in 2019-2022 “to only 3% from 2022 to 2025.”

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