Both tight oil and deepwater have vital roles to play, WoodMac says

Deepwater and tight oil are two of the upstream sector’s great growth themes, but are often considered to be at opposite ends of the development spectrum, according to energy intelligence group Wood Mackenzie.

Deepwater represents large, expensive and complex long-cycle projects best suited to Big Oil. In contrast, tight oil offers flexible short-cycle opportunities more favored by nimbler independents, WoodMac said.

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