Wednesday, August 25, 2010
operating in the Gulf will rise considerably. Certain cost increases can be attributed to natural market forces, such as insurance and capital providers repricing the risk of drilling and operating in the deepwater. Other cost increases will be a result of significant changes in regulatory policy, which are currently being discussed by members of Congress. The repricing of risk in conjunction with proposed regulatory changes will have drastic long-term implications for exploration and production companies.
Posted by Michele Kearney at 11:27 AM