Oil market downturn and its effect on the exploration industry ///

Having seen the price of oil rise to historic highs and then suddenly plummet to uncanny lows, World Oil wanted to know the impact on the seismic market, particularly newbuild vessels. So we looked at numerous press clippings and corporate reports on the subject from March 2009 back through 2008 and interviewed several industry leaders for their take. Here’s what we discovered.

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