Maple Leaf F&D

摘要

With 2004 nearly over,FirstEnergy Capital Corp.released a study of estimated Canadian finding and development costs.Looking at historical expenditures and reserve addition data,the Calgary investment-banking firm found that the trend is pointing up."We see that F&D costs(excluding in the oil sands)in the Western Canadian Sedimentary Basin have been increasing,as every Canadian E&P company could easily confirm,"analyst Steven Paget says.He calculates that 2004 capex will end up being CUS23.3 billion,excluding acquisitions.From 2000 to 2003,reserve additions in the basin have been trending between 1.2-and 1.4 billion barrels of oil equivalent(BOE)per year,so for 2004,he assumed reserve adds of 1.45-to 1.5 billion BOE-a higher number because producers have drilled more wells in 2004 than they did in prior years.