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Uptick in enquiries, now that oil prices have stabilised

But industry veterans say the supply overhang might stymie a return to profitability by the offshore drilling sub-sector

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Published Mon, Jul 4, 2016 · 09:50 PM

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    Singapore

    OFFSHORE drilling, being at the forefront of the offshore-&-marine value chain, would be the first sub-sector to experience an uptick in activity when exploration and production spend goes up.

    And now that oil prices have stabilised in the US$40 to US$50 band, enquiry volumes have indeed been observed to have risen, especially in Q2.

    sembcorp marineOil and gasmermaid maritime

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