VOL. XLV
No 35
2-September-2002
SUPPLY/DEMAND
Finding And Development Costs Rose, Reserve Replacement Dipped In 2001,Says ABN Amro
The global upstream industry facedan increase in finding and development (F&D) costs in 2001 and an overall declinein organic reserve replacement (changes accounted for through drilling orthrough revisions), according to a report entitled Global F&D Costs by ABN Amro. During2001 the industry grew its reserve base organically but at a slower rate thanin 2000,...
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