Deepwater Drilling Forecast for 2018

Deepwater operators worldwide report that drilling expenditures for 2018 overall will be similar to levels seen in 2017.

Regionally variances are observed, however, with the Gulf of Mexico expected to be flat to possibly down 5% in 2018 whereas Asia Pacific region is poised to see some growth in deepwater drilling expenditures for 2018 versus 2017.

This view is based on interviews with deepwater operators worldwide by Kimberlite Oilfield Research and the resulting sentiment index rating of 50.0 as shown in the table below reflects the cautious appro