Table 11.Finding Costs by Region for FRS Companies,
2003-2005 and
2004-2006 (2006 Dollars per
Barrel of Oil Equivalent)
Region
2003-
2005
2004-
2006
Percent
Change
United States Onshore
7.05
11.34
60.9
Offshore
45.76
63.71
39.2
Total United States
10.40
15.62
50.2
Foreign Canada
17.43
19.39
11.2
Europe
10.26
22.79
122.1
Former Soviet Union
13.74
NM
NM
Africa
16.19
25.66
58.5
Middle East
4.95
5.26
6.3
Other Eastern Hemisphere
9.50
12.59
32.6
Other Western Hemisphere
26.56
42.59
60.4
Total Foreign
12.46
19.51
56.6
Worldwide
11.38
17.23
51.3
Notes: NM = Not
meaningful.The above figures are
3-year weighted averages of exploration and development expenditures,
excluding expendituresfor proven
acreage, divided by reserve additions, excluding net purchases of
reserves.Natural gas is converted to
equivalent barrels of oil at 0.178 barrels per thousand cubic feet.Sum of components may not add to total due
to independent rounding.
Source:Energy Information
Administration, Form EIA-28 (Financial Reporting System).