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Exploration - 01 October 2009

The Arctic exploration frontier

The Arctic region holds large reserves of undiscovered, technically recoverable oil and gas. Exploration and drilling challenges exist due to harsh conditions and environmental concerns.

 

Offshore production and spending market

The short-term outlook for the offshore oil and gas industry has become more difficult to predict than ever. The last few years saw an unprecedented boom in activity but there is now uncertainty and, in some quarters, despondency.