Total capital and exploration spending by the Canadian petroleum industry is estimated at $6.579 billion in 1993, a drop of 4.7% from estimated 1992 outlays. Last year Canadian capital spending of $6.9 billion represented a drop of 8.9% from 1991 outlays, according to an Oil & Gas Journal survey (see table, p. 28). All survey related spending estimates in this story are in U.S. dollars. All individual company spending estimates are in Canadian dollars. E&P SPENDING Canadian exploration and production spending will post a modest increase in 1993 after a sharp decline in 1992. Planned outlays w...

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