As investments in tight oil increased from 2016 to 2018 and offshore investments decreased, according to Norwegian energy intelligence group Rystad Energy.
Tight oil investments almost reached the same level as offshore in 2018, Rystad added.
However, in 2019 the table has turned. Now, offshore investments are on the rise again, while tight oil has started to decline.
According to Rystad, offshore investments are expected to grow as sanctioning activity has increased over the last years while tight oil investments are falling as producers are trying to generate free cash flows.