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...