Middle East, Africa drilling to climb steadily from US$ 13.56 billion in 2012 to US$ 17.03 billion in 2016

March 2013
African Business News;3/18/2013, p11
The article reports on the increase in the amount of money spent on offshore drilling and rise in exploration activity in the Middle East and Africa due to the growth in offshore discoveries based on the report from business intelligence firm GBI Research. It mentions that the report forecasts that the drilling expenditure in the region will increase from $13.56 billion to $17.03 billion in 2016. Forecast on Ghana for the exploration of oil and gas is offered.


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