About the only problematic issue for the oil industry geoscience services sector in 2013 will once again be whether its main companies can actually reap some serious financial reward for their continuing advancement of seismic and related techniques. Oil company E&P spending in 2013 has been projected, notably by Barclays Capital, to see a significant increase. It expects a 7% rise in global E&P expenditure, to reach a record $644bn, predicated on sustained high oil prices. Such forecasts mean that demand for seismic services should be very healthy, continuing the upward 2012 trend.
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