Remember me | Forgot password
For full content view: Log in Now!
For most E&P companies, 2006 has been a very good year. Commodity prices remain high enough to ensure large amounts of investment, and activity levels are at 21-year peaks. Nevertheless, oil and gas prices have been volatile, and operating costs are higher.
2006 summary. Several factors have affected the upstream industry’s performance this year. Some of them will continue to affect E&P activity in 2007:
• Gulf of Mexico (GOM) hurricane-damaged infrastructure is now mostly repaired
•Commodity price volatility is not going away
•First, there was not enough oil, as production disruptions and fear of them ruled oil markets
•Then, there was too much oil, as demand growth moderated, and high inventories mattered. OPEC had to defend prices via the first output cut since early 2004
•Oilfield services are in short supply, but this should ease as new equipment hits the market in 2007.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Doha - January 20-22
Cancun - January 27-29
Oslo - January 28-29
All material subject to strictly enforced copyright laws.
© 2013 World Oil. © 2013 Gulf Publishing Company.