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Drilling activity north of the equator has been active, and especially in Middle East and Asia regions.
Land based oil and gas drilling activity goes through a normal cycle, which has been on the slower side recently. The pace of production on land is also influenced by weather.
Business expansion is primarily funded from cash from operations.
04 0.89 05 1.48 06 2.49 estimated 07 3.20 estimated 08 3.70
So it seems that the rapid growth in the recent years is estimated to decline.