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Bottom for E&P spend is near: Pareto Securities

Thursday, August 25, 2016 - 05:50

Singapore

EXPLORATION and production (E&P) spending is estimated to decline another 30 per cent for 2016, following a 26 per cent drop in 2015, with the majority of cuts coming from US onshore players - results from the latest Pareto Securities E&P survey showed.

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