Focus on Geophysics
Over the past five years, the global geophysics industry has doubled in size from $6 billion in 2002 to more than $12 billion in 2007, as declining spare oil production capacity, driven by growing demand for oil and gas and coupled with underinvestment over the previous decade, spurred a boom in oil and gas exploration activity. Concurrently, the industry has seen significant advancements in technology, allowing oil and gas firms to be more successful in their exploration and production activities. The increased profitability of the industry; demand for new technologies; shortage of equipment—and, more importantly, qualified personnel—have resulted in a very active mergers and acquisitions market. Read More.
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