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,...