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Integrated Oil Companies (IOCs) are turning towards more challenging opportunitites for oil production, such as onshore unconventional reserves as well as conventional resources in deepsea areas, according to research performed by oil and gas experts... The new report* shows that several integrated oil companies (IOCs) decided to restructure business segments in 2011, directing their focus on upstream activities for the upcoming five years. This follows a steady decrease in oil and gas discoveries because 2010 and a global depletion of conventional reserves, that has made the use of advanced technologies to drill in deep sea regions far more appealing... A large number of deepsea reserves have been successfully detected, increasing the requirement for high capital expenditure in the upstream sector. IOCs are being motivated to increase capital expenditure in their upstream companies to enable expansion of their E&P activities in conventional and unconventional resources.