Low oil prices dampening seismic spending

Key Areas of Future Marine Seismic Activity [58,041 bytes] Gulf Of Mexico 3D Seismic Trends [60,404 bytes] As a result of extended low oil prices, seismic spending is becoming increasingly dependent on economic factors and less contingent on technical and operations factors, according to a survey by Merrill Lynch & Co., New York. The investment firm polled more than 100 oil and gas companies about seismic activity, spending, and trends: "In our 1997 survey, top actors seen driving seismic activity growth were acquisition technology, 3D reshoots, and lease activity. In 1998, the top drivers were oil and gas prices." Low oil prices in ...

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