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Offshore

Majors set to chase ready-made production outfits

  • Analysis

OIL majors will increasingly find it more effective to buy exploration and production outfits with proven reserves than to carry out exploration activities directly, but buyers will choose to take assets they know already, writes David Osler.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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