February 2003
Supplement

03-02_Outlook_EandP_T4.htm (Feb-2003)

A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.

 

  2002 – 2003 International (outside North America) E&P expenditures, $ millions*  
  Company 2003 2002  
  Agip (ENI) S.p.A. $2,800 $3,913  
  Amerada Hess Corp. 1,280 1,155  
  Anadarko Petroleum Corp.  200 308  
  Antrim Energy Inc. 4 2  
  Apache Corp.  260 240  
  BG Plc 1,000 1,450  
  BHP Petroleum 790 729  
  BP 4,600 4,600  
  Burlington Resources 260 260  
  Cabot Oil & Gas Corp. 5    --  
  Cairn Energy Plc 129 129  
  Canadian Natural Resources Ltd. 349 231  
  CanArgo Energy Corp.  7 12  
  Centurion Energy International Inc. 20 16  
  ChevronTexaco 3,920 3,920  
  CNOOC 1,500 1,580  
  CNPC 17 65  
  ConocoPhillips 2,250 2,520  
  Continental Energy Corp. 4 1  
  Devon Energy Corp. 93 75  
  El Paso Energy Corp. 50 120  
  EnCana Corp.  633 823  
  EOG Resources Inc. 55 53  
  Equatorial Energy (Resolute Energy) 7 5  
  Evergreen Resources Inc. 13  
  ExxonMobil 6,500 6,100  
  Forest Oil Corp. 17 17  
  Fortum Oil & Gas Oy 56 50  
  Gulf Indonesia Resources 120 120  
  Harken Energy Corp. 3 2  
  Harvest Natural Resources 51 44  
  Hellenic Petroleum 185 5  
  Hurricane Hydrocarbons  260 260  
  Husky Energy Inc. 51 49  
  Ivanhoe Energy 5 2  
  Kerr-McGee Corp. 300 400  
  Lukoil 1,900 1,500  
  Marathon Oil Corp.  620 410  
  Medco Energy 150 150  
  Mission Resources 31 23  
  MOL 137 106  
  Murphy Oil Corp.  228 186  
  New Zealand Oil & Gas Ltd.  2 2  
  Newfield Exploration Co.  25 25  
  Nexen Inc.  253 233  
  Noble Energy 225 230  
  Norsk Hydro ASA 1,556 1,994  
  Nuevo Energy Co. 10 8  
  Occidental Petroleum Corp.  742 501  
  Ocean Energy Inc. 315 260  
  OMV AG 264 250  
  Paladin Resources 120 50  
  PDVSA 6,200 5,928  
  Perez Companc 325 120  
  Petrobank Energy and Resources 51 8  
  Petro-Canada  365 172  
  PetroChina 5,522 5,546  
  Petroleo Brasiliero S.A. (Petrobras) 4,098 4,007  
  Petroleos Mexicanos (Pemex) 11,000 8,300  
  Petronas 3,674 3,209  
  Petrotrin Corp.  294 217  
  Pioneer Natural Resources Co. 165 165  
  Pogo Producing Co.  110 105  
  Premier Oil plc 65 114  
  PTTEP 129 224  
  Repsol S.A.  1,508 1,183  
  Rosewood Resources 19 18  
  Royal Dutch/Shell 5,750 5,600  
  Sheer Energy Inc. 2 1  
  Sibneft 632 588  
  Sinopec 2,053 1,990  
  Statoil 1,700 1,600  
  Surgutneftegaz 1,500 1,388  
  Svenska Petroleum Exploration AB 70 60  
  Swift Energy Co.  15 27  
  Talisman Energy Inc. 780 790  
  Tipperary Corp.  30 16  
  Tracer Petroleum Corp.  20 1  
  Total Fina Elf 5,800 5,800  
  Ultra Petroleum Corp.  20 10  
  Unocal Corp.  791 792  
  Vaalco Energy Inc. 4 16  
  Vintage Petroleum Inc. 56 45  
  Woodside Petroleum Ltd.  745 803  
  Yukos 1,440 1,050  

  Total $89,291 $85,089  
  % Change 4.90%    
  *Salomon Smith Barney estimate: – is no spending; 0 is some spending, but less than $0.5 million
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