Worldwide expenditure within the deepwater sector will total $167bn between 2010 and 2014 - equating to a 37% increase on the five preceding years, according to a new study by Douglas-Westwood.The World Deepwater Market Report 2010-2014 reveals that sector activity will largely remain within the 'golden triangle' of Africa, the Gulf of Mexico and Brazil -with regional investment representing over three-quarters of the predicted global capex expenditure. The majority of 'golden triangle' investment, however, will take place in Latin America, largely driven by capex-intensive development plans laid out by Petrobras over the next decade.
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