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Annual Offshore Drilling Spending Could Hit $17 Billion By 2016
An uptick in offshore drilling discoveries is driving more exploration activity in Africa and the Middle East, causing expenditures to increase, according to a GBI Research report.
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The company is placing its bets on presalt, hoping to boost its overall production and generate massive cash flow.
R&D Plays Major Role In Brazil’s Energy Industry
A study by OTM Consulting delves into how to maximize the value of billions of dollars for R&D projects.