| Issue 38, November 2011 |
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| AT THE 'RELOAD' STAGE |
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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. full text of the article | all articles of this issue
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