VOL. XLVI
No 36
08-September-2003
SUPPLY/DEMAND
Exploration Spending And Success Declining, Says Deutsche Bank
Exploration budgets among commercial oil companies remain under downward pressure this year and drilling success is declining, according to a study by Deutsche Bank and Wood Mackenzie. In the report Sustainability Costs Money, published on 8 August, Deutsche Bank analysts Caroline Cook, JJ Traynor and Adam Sieminski say that the downward trends of 2002 in both exploration spending and...
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