ARTHUR ANDERSEN SAMPLE DETAILS TREND IN UPSTREAM SPENDING

Outlays for U.S. exploration and development in 1992 by 30 of the world's largest oil and gas companies were the lowest in more than a decade. Despite adding U.S. reserves from all sources at a cost of about $4.88/bbl of oil equivalent (BOE)-nearly $1/BOE less than average 1992 reserve replacement costs outside the U.S.-major company U.S. E&D spending in 1992 totaled $10.7 billion, about $3.7 billion less than in 1991.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home