VOL. XXXII
NO. 16
23-JANUARY-1989
GENERAL
Oil Companies to Spend More Outside US in 1989
A Salomon Brothers survey of 1989 worldwide expenditures on oil and gasexploration and production indicates that within the context of a 1.2% increasein overall spending to $36.8bn, the companies surveyed - 118 independents and 20majors in the US, 54 companies in Canada, and 57 companies outside NorthAmerica (excluding government-owned companies) - are planning to spend a higherpercentage of their E and P...
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