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Steve Robertson, Douglas-Westwood Ltd., Canterbury, UK
Energy business analysts Douglas-Westwood have provided market intelligence, forecasting and commercial due-diligence services to the industry since 1990. This paper outlines the current state of play in the market and presents Douglas-Westwood’s outlook for the next 25 years - specifically on long-term production trends and the medium-term expenditure outlook for key oilfield and downstream sector equipment and services.