Spectacular growth expected in oil and gas production exploration. - Investment in oil and gas production and exploration is expected to experience further spectacular growth in 2012, boosted by high per barrel prices. This forecast was made in the annual IFP Energies study. After having leapt by 13% in 2010 and 20% in 2011, these prices are still expected to increase by 13%, to reach a figure of $640 billion, according to the study. The trend is expected to continue through 2013, with...