Exploration & Production activities and markets

Following two banner years for the oil service and supply sector, marked by strong activity and a substantial increase in prices, the Exploration & Production market continued at a frenetic pace in 2007, although certain local markets retreated.

In 2008, activity should stay high and prices should start stabilizing.
With services in short supply, companies in the sector have been able to shift the balance of power with oil firms in their favor.