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Deeper & Smarter: The Subsea Oil & Gas Growth Outlook

Deeper & Smarter: The Subsea Oil & Gas Growth Outlook

Right now, we’re looking at a 70%-30% spread for total global onshore and offshore oil and gas production, respectively. Of that 30% of offshore production, subsea oil and gas production represents 9%. That is about to change as E&P companies go deeper and deeper, taking advantage of new technology that can handle higher pressure and higher temperatures to ward off declining production.

Subsea…

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