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Commentary: 2023 Global Conventional Brownfield Investment to Near $200 Billion

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By Rystad Energy, Palzor Shenga
| Hart Energy Verified
Brownfield investment in the conventional upstream sector looks on course to hit nearly $200 billion this year as the oil and gas industry and global economy recovers from the pandemic-induced slump in demand. The Middle East is set to lead the way with spending levels, with markets in Asia and South America also attracting significant investment in the years ahead.
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