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Although the world's oil and gas reserves rise, profits are decreasing

12 Dec 2014

Global oil and gas reserves have increased by 11% and 3%, due to increased capital expenditures of the profile companies with 25% in 2013 compared to 2012, says the annual EY survey - Global and Gas Reserves study.

According to the report, total operating costs for the analyzed companies was more than double in five years, from a value of 315 billion dollars in 2009 to 678.9 billion dollars worth in 2013. The study analyzes the results related to the global and regional exploration and production (E & P) among the 75 companies, over a period of five years (2009-2013).

For complete information, please see the attached report, or the Romanian version of the article, here.