Salomon Bros. survey shows flat upstream spending for 1992

Journal Article · Mon Jan 27 04:00:00 EST 1992 · Oil and Gas Journal; (United States)

OSTI ID:5738545

The yearly survey by Salomon Bros., New York of upstream spending by the international petroleum industry shows little change for 1992 from 1991. This paper reports that a substantial shift from U.S. to non U.S. exploration and production will continue, the firm's 10th and largest survey-241 companies-shows only 1 1.3% increase in worldwide exploration and production spending to $53.7 billion in 1992 from $53.1 billion estimated in 1991. The amount estimated for last year's spending is less than the sum forecast at midyear 1991. That, in turn, is lower than what was budgeted for 1991 in December 1990. Budgets in 1991 were significantly underspent in the U.S. and Canada but not elsewhere.

• OSTI ID: 5738545
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:4; ISSN 0030-1388; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
BUDGETS
EXPENDITURES
EXPLORATION
GLOBAL ASPECTS
INDUSTRY
PETROLEUM INDUSTRY
PRODUCTION