The total value of worldwide offshore final investment decisions will exceed $100 billion for the first time in 5 years in 2018, predicts Clarksons Research, London.
The group estimates total offshore FID value in 2017 rose 40% to $80 billion.
Overcapacity remains a problem for the offshore oil and gas industry, Clarkson notes.
It cites 130 cold-stacked mobile offshore drilling units and 216 warm-stacked units reported worldwide.
