A surprising future


After more than two decades of indecision, high prices have provided the oil industry with the incentive for a major increase in its capital expenditure, most of all in high-risk exploration. That, at least, is the popular theory. The reality is more complicated, with companies questioning the sustainability of high oil prices into 2005, adapting their thinking to comply with new oil and gas reserve accounting requirements, and struggling to discover exploration investments that will provide

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: