E&P IT spend “will rise”

A report from G2R (part of the Gartner Group) forecasts that total global IT spend in the oil and gas industry will increase from $25 billion in 1999 to over $35 billion in 2002.

and gas software solutions are expected to increase from $5.5 billion to $7.7 billion. Additionally, G2R believes total IT spending in the E&P market will experience the greatest increase from $7.7 billion in 1999 to $11 billion in 2002.

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