25 Sep '11, 1pm

Forecast: global spending in 2011 on advanced oil and gas exploration technologies to total $10.17 billion

Forecast: global spending in 2011 on advanced oil and gas exploration technologies to total $10.17 billion 25 September 2011 UK-based market analyst visiongain projects that global spending in 2011 on advanced oil & gas exploration technologies will total $10.17 billion. A combination of high oil prices, improved extraction technologies, increasing global energy demands, and supply concerns including declining production; depleting production fields; maturing reservoirs and increasingly more difficult frontier exploration that is deeper, more complex and more remote is creating new opportunities for growth in the advanced oil & gas exploration technologies market, visiongain notes. As the need to find new oil and gas deposits increases, the exploration industry will be relentlessly driven toward the use of more advanced surveying methods, including seismic 2D, 3D and 4D im...

Full article: http://www.greencarcongress.com/2011/09/vision-20110925.html

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