It is a grim time for those involved in the deep-water sector, with exploration budgets cut to the bone, development spending slashed and little sign of a sector recovery unless oil prices rise and costs plunge further.
Pockets of deep-water positivity remain, mostly in the Americas and Africa, but these are few and far between and cannot support a supply chain that gorged itself on six years of bounty between 2008 and 2014.
Now
