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Issue 38, November 2011
 
Issue 38, November 2011

AT THE 'RELOAD' STAGE

Yana NETREBOVSKAYA, Special Correspondent for Coiled Tubing Times Journal in Tyumen
 
In spite of rather gloomy forecasts, the market of oilfield services has overcome the crisis stage without dramatic losses. Today it is getting back on the fast track for stability and considerable growth, anticipated by analytics. According to the expert estimates, in 2011 the level of capital investment made by oil & gas operators in exploration and oilfield services (Gazprom investment not included) will reach the pre-crisis level observed in 2007, and even exceed it. By 2010 the Russian oilfield services market will amount to $20 billion, which, however, does not include the offshore drilling segment, whose capacity amounted to $15 billion in 2009. Fifty-five per cent of this 20-billion estimate account for Western Siberia. This has been declared at the conference oilfield Service. Western Siberia, which took place in Tyumen.

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