Oil and gas industry giants gathered this week in Pau, an historic city in southwest France, to discuss the future of deepwater drilling.
Over the course of the three-day MCE Deepwater Development (MCEDD) conference hosted by Total and sponsored by Shell, hundreds of industry professionals focused on how to cut costs during a time of record-low oil prices.
As Total described in a letter announcing the annual conference: “Our common objective is to reduce costs significantly in order for deepwater to remain competitive.”
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