FINDING, REPLACEMENT COSTS FALL IN ALBERTA

Canadian Energy Research Institute (CERI) estimates for 1988 long term oil equivalent finding and replacement costs in Alberta show a sharp 5 year decline. Gas finding and replacement costs also have declined greatly in the same 5 year span, CERI figures show. The decreases in Alberta crude oil finding and replacement costs, although not as abrupt as those for gas and oil equivalent, reflect the same downward trend.

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