(P&GJ) - At mid-year 2022, an online industry report service using artificial intelligence (AI) enabled analytic tools released a worldwide assessment of offshore oil and natural gas prospects with a decidedly upbeat tenor. In its "Oil and Gas Upstream" research report, researchers at ReportLinker called for a strong rate of growth between 2023 and 2030, tied to growing demand from end-user industries. Among other findings, the "complete analysis" of offshore oil and gas upstream market trends, market insights, drivers and market restraints projected the global offshore oil and gas rig market will increase in size at a steady compound annual growth rate (CAGR) of 5.69% during the forecast period, reaching $22.5 billion annually by 2027.
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