Offshore boom to be ‘strongest and longest’ in history

Broker predicts swoop by Petrobras for FPSOs

Tony Gray - Wednesday 28 May 2008

PETROBRAS’ massive investment programme for new rigs and drillships is placing pressure on other oil companies to advance their production projects as it becomes clear the industry has entered an unprecedented offshore boom.

This is the view of Lorentzen & Stemoco analyst Finn Engelsen, who believes the Brazilian oil group’s next t...

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