Table 12.Total Production 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
14.00
19.46
39.0
Offshore
50.56
69.75
37.9
Total United States
16.70
23.16
38.7
Foreign Canada
23.84
26.59
11.5
Europe
16.43
29.79
81.3
Former Soviet Union
21.29
NM
NM
Africa
22.26
32.13
44.3
Middle East
9.78
14.31
46.4
Other Eastern Hemisphere
14.98
18.76
25.2
Other Western Hemisphere
31.06
47.63
53.4
Total Foreign
18.33
26.17
42.8
Worldwide
17.45
24.29
39.2
NM = Not meaningful.
Notes: The above figures
are 3-year weighted averages of exploration, development, and production
expenditures, excluding expenditures for 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).