Excerpt:

“The World Deepwater Market Forecast, soon to be published by energy analysts Douglas-Westwood, forecasts continued growth in the deepwater sector with annual expenditures reaching over $24.6 billion by 2012. The key findings of the study in conjunction with related information from The World Offshore Drilling Spend Forecast and The World Oil and Gas Forecast indicate that an enormous amount of activity lies ahead.” ~Adrian John, Georgie MacFarlan - Douglas-Westwood Ltd

Read full article at Offshore Magazine: Global deepwater expenditure to exceed $108 billion through 2012

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