AUSSIE E&P OUTLAYS UP SHARPLY IN 1993

Capital spending by Australia's exploration and production sector jumped 46% in 1993 from the 1992 level. Figures compiled by the Australian Petroleum Exploration Association (APEA) show Australian E&P outlays totaled $2.79 billion (Australian) in 1993, up from $1.91 billion in 1993. Much of the increase reflected the high level of activity off Western Australia. Exploration and production outlays by Australian companies outside Australia also were up sharply in 1993. Non-Australian outlays

Apr 4th, 1994
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