Private equity funding will continue its importance to the industry, while sovereign wealth and pension funds are also core sources of financing, Michael O’Dwyer, regional head of natural resources at Morgan Stanley, said at ONS on Wednesday.
“We expect to see continued growth in the oil & gas expenditure, with investment of around $1 trillion per year in real terms over the next 20 years, with total spend estimated at $23 trillion,” O’Dwyer said.
“Ten
