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The oil and gas industry is, arguably, the most economically important sector in the world as it meets more than two-thirds of the global energy demand. This industry has been facing challenges such as declining production, rising consumption, and low reserves.
The focus of the industry is now on cost containment as the global economy emerges from the recent financial crisis. As a result of the current scenario, there are opportunities for service providers in this domain to offer industry-specific solutions across the entire oil and gas value chain.
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