NON-U.S. E&D LEADS U.S. OIL FIRMS' ACTIVITY GOING INTO THE 1990S

A major expansion of non-U.S. exploration and development is pacing U.S. oil companies' activity at the onset of the 1990s. It's a culmination of a trend dating at least to the mid-1980s. That can be seen in these findings of Arthur Andersen & Co.'s latest survey of 1989 oil and gas reserves disclosures by U.S. companies: Non-U.S. oil production outpaced U.S. production for the first time, an average 2.132 million b/d vs. 2.103 million b/d in 1989. Non-U.S. oil reserves topped

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