VOL. XLIV
No 32
6-August-2001
SUPPLY/DEMAND
More Wells Drilled In 2000 Yet Less Oil Found, Says IHS
Exploration well levels recoveredlast year from their trough in 1999, yet less liquid hydrocarbons were foundaltogether, says IHS Energy Group of Tetbury, UK. In its World Petroleum Trends 2001 report (WPT) published on 9 July, IHSsays worldwide (excluding North America) new field wildcat drilling bouncedback from a 1999 low of 629 wells to a completion rate of 826 wells, which wasstill fewer than...
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