Industry Trend Analysis - Offshore Gas Projects Closer To FID - JAN 2018
BMI View: With more confidence behind oil prices, the adoption of new fiscal legislation into law and convincing progress on gas market liberalisation, Romania will see investment in its offshore return in 2018.
There has been little progress in Romania's offshore projects despite the substantial production potential built from the 2012 deepwater gas discovery at Domino. Low oil prices as well as fiscal and regulatory uncertainty have delayed projects ( see 'Caragele Offers Stopgap To Domino Delay ' , May 15). We see interest in Romania's offshore projects returning if:
Stronger oil prices support oil company budget flexibility for spending on greenfield developments
Game Changing Gas Gas Production & Pre-FID Offshore Projects, bcm Source: BMI
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