Lehman Bros.:2007 E&P budgets boosted to 308 billion

摘要

Global exploration and production spending is expected to increase 13% to 308 billion,said Lehman Bros.Inc.,New York.The amount is up from the 9% projected last December for 301 companies surveyed by the firm.The increase is a result of expanding 2007 budgets by more than 12.6 billion,offset by overspending 2006 budgets by % 1.1 billion,Lehman Bros,reported last month.The spending growth is driven by an upsurge in international investments(Table 1).