Global upstream capex rises by 5% in 2010

摘要

Global upstream capital spending is likely to grow by 5% this year to exceed $380 billion, but may require another three years to return to the record levels of 2008, according to energy consultants Wood Mackenzie's regional upstream research manager lain Brown. "It is clear from our understanding of operators' plans in the autumn of 2010, that confidence has returned to many regions and sectors of the industry, although this effect is far from consistent across the world," Brown said.