We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 


The deepwater cost curve: revisited

Get this report


You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

16 November 2018

The deepwater cost curve: revisited

Report summary

The deepwater industry appears in good health. The pre-FID cost curve shows sustained cost reductions across the globe since 2014. As a result the average pre-FID project NPV15 breakeven has fallen 37% over the past four years. But how low have costs fallen, and when will they start rising again? We examine the difference between structural and cyclical changes, and which are the most resilient to future price cycles. We also look at different geographical hotspots and a corporate landscape dominated by the big players. Eight companies now control 74% of future pre-FID deepwater spend.

Table of contents

  • No table of contents specified

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    The deepwater cost curve revisited.pdf

    PDF 1.71 MB