According to HIS Cambridge Energy Research Associates (HIS CERA) latest research report shows that over the past six months, the global upstream oil and gas production facilities in the area of the capital cost of a decrease of 8.5% in the same period last year, this is the first show that investment in the oil and gas industry is the decline in specific indicators. In 2005-2008, the global upstream oil and gas production facilities in the area of the capital cost of an increase of two times.
At the same time in the past six months, the operating costs of the global upstream oil and gas index fell by 8%, the index reflects the operating costs of those projects.
It is reported that the decline in investment costs was attributable to decreased activity of the upstream oil and gas industry, iron and steel and submarine equipment, the impact of lower costs. The decline in operating costs by the project activity, as well as the impact of the decline in resource utilization.
Source: www.in-en.com Jun. 8, 2009
