Douglas-Westwood, Energyfiles predict offshore spending will grow
Despite the global recession, offshore spending is expected to grow strongly, from $578 billion capex and $379 billion opex over the last five years to $807 billion capex and $549 billion opex over the period to 2013, according to the World Offshore Oil & Gas Production and Spend Forecast 2009-2013, published today by Douglas-Westwood and Energyfiles.