Murphy to lead majors in organic additions;Hess,Kerr-McGee to lag

摘要

U.S.-based integrated energy firms will post reasonable reserve-replacement volumes for 2004,say Petrie Parkman & Co.analysts Steve Enger and Chi Chow.They expect about 110% of production will be replaced at a finding and development (F&D) cost of about US8.70 per barrel of oil equivalent (BOE),excluding sales and purchases.