As offshore projects vie for capital in the low oil price environment, some say approaching technology the same way that drove the shale revolution could be a game changer for deep water.

Challenges facing the deepwater arena as well as technology opportunities surfaced during the latest OTC Live virtual session that brought together top-level executives from BP Plc, Chevron Corp., Dril-Quip Inc., Hess Corp. and Kosmos Energy Ltd. Panelists agreed that key technologies, standardization and use of existing infrastructure are critical for the success of the sector and keeping costs down.

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