Impending uptick in exploration activities with expected increase in 2018 CAPEX

Impending uptick in exploration activities with expected increase in 2018 CAPEX

There is going to be an uptick in exploration activities as leading oil majors are expected to increase their exploration capital expenditure (CAPEX) by 20 to 30 percent next year, resume drilling in deepwater in a bid to build hydrocarbon-based assets according to John Jeffers, Group Development Director for Oil & Gas at SNC-Lavalin. While…

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