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Solo Oil Plc

Greater oil and gas investment expected in 2019

67% of senior oil and gas professionals believe more large, capital-intensive oil and gas projects will be approved this year, according to ‘A test of resilience’, DNV GL’s ninth annual report on the outlook for the oil and gas industry.

70% plan to increase or maintain capital expenditure in 2019 which is nearly double that of 2017’s figure of 39%. And the proportion of industry leaders who expect to raise or sustain operating expenditure has also grown over the two-year period, from 41% in 2017 to 65% for 2019.

 

Solo Oil PLC (LON:SOLO) is an investment company with the target of acquiring a diverse global portfolio of direct and indirect interests in exploration, development and production oil and gas assets, both on-shore and off-shore.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.