petronas advertorial
The surge in the price of crude oil in the 2000s was the catalyst that led to the Goldilocks period that transformed the local oil and gas (O&G) services and equipment (OGSE) players.
According to the International Energy Agency, investments in the upstream O&G industry between 2000 and 2014 saw a five-fold increase, growing from US$160bil in 2000 to US$780bil in 2014 when crude oil prices peaked above US$100 a barrel.
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