(EnergyAsia, November 24, Tuesday) — Capital spending on offshore oil development projects will reach $190 billion over the next five years, according to Lloyd’s Register. The maritime classification society and risk management company expects floating offshore installations (FOI) to account for up 35% of the spending over the period as more oil explorers venture into…
MARKETS: Capex on offshore oil projects to reach US$190 billion in five years
Posted on November 23, 2009 by EnergyAsia