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Deepwater West Africa — Diving for the Black Pearl

  • Angola at the forefront of the deepwater oil boom
  • But pre-salt prospects have not yet yielded Brazil-like results
  • Ultra-deep floater market tight until 2016; day rates + 14% vs. RoW
  • Shale and deepwater competing for investment; risks associated with rising costs and a tight floater market keeping  shale oil attractive

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by Alexander Wilk // 11 October, 2013

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