Guyana, Africa to attract hefty O&G exploration spending going forward

Guyana has been named as one of several countries in South America, the Middle East and Africa targeted for significant growth in offshore oil and gas exploration spending this year, according to the French oilfield services company Schlumberger Limited (SLB), believed to be both the world’s largest offshore drilling company and the world’s largest offshore drilling contractor by revenue.
 This, as offshore oil and gas exploration is reportedly set to increase by more than 20% globally this year, which growth, SLB is reported to have said will continue into next year.

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