Drilling outlook: Offshore to remain weaker than onshore in near future

This year has so far been better than 2016, but the industry still has a long way to go on its path to recovery. Speaking at the 2017 IADC World Drilling Conference on 28 June in Amsterdam, Matt Adams, Senior Analyst with Douglas-Westwood, highlighted the current attractiveness of onshore projects compared with offshore, including the lower risks and quicker returns. In this video with DC, Mr Adams also talks about the potential end of the Golden Triangle as new deepwater frontiers emerge, as well as spending forecasts for both onshore and offshore over the next few years. Watch the video for more information.