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Oil Supply & Demand in 2030 with Joel Couse
The HC Commodities Podcast
The Importance of Speed in the Deep Water Projects
There's a window in which the oil prices will ensure that the investment that we're making will be rewarded. The internal rate of return on these projects has to be much higher. We're not looking at 12 or 13 percent anymore. It's 20 percent and sometimes more for these projects simply because that's the accelerated payoff period. And at the same time, the projects, like many of the deep water projects, this is a very good profile for the deep water Projects.
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