The current macro environment would indicate some level of sufficient or even oversupply of oil and gas production, which has been reflected in commodity prices and activity levels in several basins worldwide. This near-term signal is, however, probably out of step with longer-term supply and demand balance outlooks, which would indicate oil and gas will remain a key element in the supply equation for some time to come.

In this Executive Dialogue, we will discuss where the Offshore Industry fits in this scenario:

• How big of a gap should we expect and why?
• What is the potential balance between exploration of new basins and production from existing basins?
• How critical is technology in improving the volumes and cost of supply?