An FPSO, export pipeline and floating liquefaction solution is on the drawing board for an ultradeepwater gas discovery in the South China Sea operated by CNOOC.
Companies are planning to spend billions of dollars on offshore projects, while also tapping technology for onshore fields as demand grows.
Deployment of floating production units is predicted to increase; however, analysts think orders for such units will fall in 2015.
Operators seek greater efficiency and lower cost per barrel in a challenging price environment.
About 55% of global demand will be met by oil and gas in 2035, but decline rates make that challenging.