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OFS - Analyst Notes - March 12, 2019

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Global exploration expected to get back on track in 2019 Offshore and international growth is set to overtake US and onshore for the first time since 2016. A subset of that theme is the recovery in global exploration spend. After declining by more than 50% since the 2014 peak, exploration spend posted a very modest recovery in 2018, but appears poised for a sharp (15%+) pickup in 2019, while the improvement in development activity slows on the heels of......
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