VOL. XLIV
No 36
3-September-2001
SUPPLY/DEMAND
International CompaniesBoosted E&P And Acquisitions Spending In 2000, Says Andersen
International oil companies spenta total $124.1bn on upstream activities last year, a rise of 30% over 1999,according to Houston-based Andersen. In its annual Global E&P Trends report published on 31 July, Andersen saysthat exploration and production (E&P) capital outlay rose by 24% to $81.1bnlast year, including a 21% rise in development spending to...
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