Upstream Opportunity Index assesses E&P investments

The year 2000 was a stellar year for the upstream end of the oil and gas industry. Finding and development (F&D) expenditures worldwide reached $40 billion, contributing 6.6 billion boe in additional reserves consisting of 3.9 billion bbl of crude oil and 15.4 tcf of dry natural gas. The split in F&D outlays was roughly 53:47 between the US ($21 billion) and the rest of the world. Areas that stood out as targets for F&D spending were: Europe ($4 billion), South America ($3.5 billion), the Asia-Pacific region ($3.3 billion), Canada ($3 billion), and Africa ($2.5 billion).More oil and gas is being discovered by international companies in non-Organization for European Cooperation and Develop...

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