Only 45% of respondentsto the poll of 438 oil & gas professionals commissioned by technical advisoryfirm DNV said they planned to increase investment in new projects this year,down from 63% two years ago.
Concerns over rising operational costs, a shortage ofskilled professionals and competition from international rivals are all leadingexploration and production companies to focus spending on the projects thatwill provide the greatest return on investment, DNV’s report said.
DNV
