(EnergyAsia, March 22 2010, Monday) — Oil and gas companies desperate to replenish their dwindling reserves will drive investments in the deepwater exploration and production sector to US$35 billion by 2014 for a cumulative $167 billion in the 2010-2014 period, according to a new study by consultant Douglas-Westwood. “Despite global economic turmoil and oil price…
MARKETS: Deepwater E & P spending forecast to rise to $35 billion by 2014, predicts Douglas-Westwood
Posted on March 21, 2010 by EnergyAsia