African deepwater to lead capex surge post 2016

摘要

Africa will see the greatest growth as deepwater spending is set to soar by 69% over the next five years despite the oil price slump. Deepwater expenditure is expected to increase by 69% to US $210 Bn from 2015 to 2019, compared to the preceding five-year period, according to analysts Douglas Westwood. Africa, Latin America and North America will continue to dominate deepwater capital expenditure, with $173 Bn set to be spent over the next five years. Africa is forecast to experience the greatest growth with North America to see the lowest rise.