Deepwater expenditures to reach $20 billion/yr by 2010

The deepwater shopping list for the forecast period includes over 1,300 subsea trees, 283 templates and manifolds, 71 platforms and some 13,000 km of pipelines. Annual expenditure in the deepwater business is expected to reach $20 billion by 2010, with the overall spend for the 2006-2010 period totaling $94 billion.