Middle East to be world's largest offshore producer
Sept. 21, 2008
The latest surge of investor interest offshore is in the Middle East, and with good cause as the region is home of the world's largest oil and gas reserves and is a recipient of vast income from its export.
The latest surge of investor interest offshore is in the Middle East, and with good cause as the region is home of the world's largest oil and gas reserves and is a recipient of vast income from its export.
Since 2003, the Middle East and North African (MENA) oilfield services market have been undergoing a period of heavy investment both onshore and offshore. The region has been producing for many years and basins are becoming increasingly mature. Continued demand for oil and gas creates a necessity to drill for new wells and workover existing wellstocks to maintain and/or boost production.
Find out more in Douglas-Westwood's in-depth piece in the October issue ofOffshore magazine.
