According to a recent report from Research and Markets, reduction in
petroleum production from Asian countries such as Indonesia and Thailand will also
foster the growth of the market.
While, overall, reduction in drilling activities related to exploration
along with falling crude oil prices are the key restraining factors that
hampers the growth of the market; recent oil & gas exploration in Arctic
region along with increasing mergers & acquisitions coupled with
re-fracking of mature oil & gas wells are the factors that is expected to
offer abundant growth opportunities to this market.
Key vendors
indentified are :
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