Date ArticleType
11/30/2018 Member News
Oil Exploration Activity Will Pick Up in 2019

Oil Exploration Activity Will Pick UP in 2019

by Andreas Exarheas, Rigzone

There will be a pick up in oil exploration activity next year, compared to 2018, according to a new report from Fitch Solutions Macro Research.

“On an annual average basis, revenues will be boosted by higher oil prices, while still compressed services costs will flatter margins and bolster cash flows. This will give companies greater flexibility to increase their CAPEX and assume more risk,” the report stated.

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