Rystad’s evaluation of offshore developments sanctioned since 2010 shows that international oil and gas E&P companies are struggling to make money from offshore investments made between 2010 and 2014 when oil prices were high.
Rystad said on Wednesday that the sanctioning activity was record-high during the strong investment cycle from 2010 to 2014 when energy companies reached final investment decisions on offshore oil fields collectively representing close to 40 billion boe of total resources.
Brazil Energy Insight 
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