VOL. XLIII
No. 35
28-August-2000
OPEC
International Firms Keep E&P Purse-Strings Tight Despite Strong Oil Price
International exploration and production (E&P) spending is expected to be about the same in 2000 as it was in 1999, despite recent high crude oil prices, according to New York-based Goldman Sachs Global Equity Research. Last year the industry spent more conservatively than in years before, says a Sachs analyst, resulting in lower reserve replacement rates among E&P players...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!