Despite lower expected expenditures during 2009 and 2010 relative to 2008, a study forecasts that the petroleum industry’s deepwater expenditures will trend upward and reach $35 billion by 2013.In addition, the Douglas-Westwood study, The World Deepwater Market Report 2009-13, expects deepwater project expenditures to total $162 billion in the 2009-13 period. Click here to enlarge imageMost of the study’s foreseen expenditures relate to pipelines, drilling and completion of development wells, and platforms. It breaks down the spending during the period analyzed as: $57.7 billion for satellite fields and deepwater hubs as companies develop reserves further from the coast. $53....