Middle East Economic Survey
VOL. XLVII
No 42
18-October-2004
SUPPLY/DEMAND
Record Upstream Development Spending Not Matched By Exploration, Says Woodmac
Upstream development spending is at a record high and will translate into an upturn in oil production in the next few years. However, the upturn in development spending by the 10 largest quoted global oil companies has not been matched in the exploration sector, despite high oil prices, Edinburgh-based analyst Wood Mackenzie said. Development...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!