The Norwegian energy research and consultancy firm Rystad Energy reported that according to its estimations the demand from the world’s top oil companies for floating drilling units will increase through 2020 and 2021.
Accordingly, Rystad stated that the previous week the demand from the top companies on a global scale for floating drilling units showed a steady increase for the past two years.
Now, the company highlights that the demand is estimated to rise in the two following years, 2020 and 2021, as key players will improve their development and exploration activity in deepwater basin.
Floater demand rose from about 50 contracts in 2010 to about 80 in 2014, before the oil-price slump caused operators to scale back floater contract commitments to less than 35 contract years in 2017.
From that time, major oil players ExxonMobil, Shell, BP, Chevron, Total and Eni have followed a steady path increasing their deepwater contracting activity, adding almost 10 contract years since 2017.
Rystad Energy expects demand to grow further towards 2022
… the company added.
Recently, Bloomberg reported that following the new environmental regulations and the global goals towards sustainability, American energy giants Exxon Mobil Corp. and Chevron Corp. are following a totally different path as they try to weather the storm.