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Oilfield Development Expenditure In Africa Will Grow
Apr 10, 2018

According to a report released last month by GlobalData, a research institute headquartered in the United Kingdom, from this year to 2025, Africa will spend approximately US$194 billion on oil field development.

In these 8 years of expenditure, regular, unconventional and heavy oil projects will account for 88.9 billion, 3 billion and 1.9 billion U.S. dollars respectively, and conventional natural gas projects will require an additional 99.1 billion U.S. dollars.

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