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.
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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.