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"We expect to reach our targets for exploration and development ahead of schedule".
Shale gas is an important unconventional energy source that has great potential for exploration and development.
Apache reckons it may spend only $300 million for exploration and development in North America next year.
In 2000, Cross Timbers' cash expenditures for exploration and development totaled $155.4 million, compared with $91.6 million in 1999.
On Tuesday, he made this more explicit, calling for exploration and development of the currently protected outer continental shelf.
These need more money for exploration and development, but land and seismic survey costs will already have been met.
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BMO Nesbitt Burns, a unit of the Bank of Montreal, estimates that about $5.2 billion was raised for exploration and mine development last year, more than double the amount in 2002.
Major international oil companies are expected to invest $40 billion in joint ventures with Iraq's state oil company, but this will be for exploration and new development, not to rehabilitate the existing facilities.
Gas chimney and fault volumes extracted from 3-D seismic data were rapidly becoming valuable tools for exploration and field development.
There are three CBM blocks that have been awarded for exploration and production development: GEECL south block, ONGC north-central blONGC north-centralheast block.
Limited roads and the sensitivity of permafrost peatland tundra to disturbance necessitate that the majority of travel for exploration and some developments be conducted in the winter using temporary ice roads.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com