VOL. XLVII

No 05

2-February-2004

SUPPLY/DEMAND

Pressure Builds For Greater Clarity On IOC Reserves

According to a recent Wood Mackenzie report New Thinking Needed For Exploration?, oil companies have been less successful in the exploration phase than their SEC filings would suggest. This has raised the pressure on companies to provide greater visibility on the size of reserves booked, Deutsche Bank said on 23 January in a research note entitled Reservations About Reserves. The Wood Mackenzie...