Douglas-Westwood Forecasts USD 335 bln Spending in Offshore O&M Sector

The 2nd edition of the World Offshore Operations & Maintenance Market Forecast, by Douglas-Westwood (DW) forecasts over $335 billion worth of expenditure from 2012-2016 on offshore oil & gas operations & maintenance (O&M). With O&M markets considerably less vulnerable to economic downturn than their capital-led counterparts DW predict growth of 8% per annum during the [...]