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Opportunities in Upstream Oil & Gas


Upstream oil & gas production is a dominated by a combination of international oil & gas companies (IOCs) and national oil & gas companies (NOCs) such as Petronas. Virtually all of these companies hold a portfolio of production-stage field assets.


Outlook for Upstream Oil & Gas


Global demand for oil is expected to grow significantly, driven particularly by rapid economic and population growth in emerging markets such as China and India. Demand issues are further punctuated in Asia which is expected to account for the majority of the demand increase.
 

Oil & gas companies are responding to this challenge by intensifying exploration activities to bring new discoveries on stream, while also focusing considerable resources on enhanced oil & gas production and recovery (EOR). These are priority strategies, particularly for NOCs who hold the vast majority of the world’s oil & gas reserves.

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