Riding oil price cycles

Another year is starting in the world exploration cycle.The world's remaining exploration organizations have experienced a few months of historically high oil prices. Many capital and exploration budgets for 2000 are significantly larger than those of 1999, and even last year's budgets were more than most companies actually spent during the year.In OGJ's Focus on Exploration article starting on p. 55, Ian Cross summarizes 1999 exploratory drilling. We hope you find the review interesting.The breadth of upstream activity that took place during the year is remarkable when displayed in one place such as the article Cross compiled. The article summarizes significant exploratory an...

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