Rystad Energy expects investments in shale to continue to rebound in 2018 with a projected growth of 24%. This is up from a predicted growth of 22% in the February release. Conventional onshore investments are also expected to grow by ~2.5% in 2018. Offshore will likely continue to struggle, with combined offshore (shelf, mid-water, and deepwater) investments declining by 10% in 2018. On average, Rystad Energy expects total offshore investments to grow by 2.0% by 2020.
SVP Upstream Research, Rystad Energy