The newly-announced budget takes into account the exceptional economic conditions of the fiscal year 2020 and the repercussions of the COVID-19 pandemic
budget
Posted inDRILLING & PRODUCTION
Saudi Arabia’s 2020 budget projects $49.87bn deficit
Crown Prince Mohammed bin Salman said that economic reform programmes have started to yield results, and emphasised the importance of the private sector in developing the kingdom’s economy
Posted inProducts & Services
ConocoPhillips slashes budget for 2015
Capital budget for 2015 down 20% compared with 2014
Posted inExploration
Exploration budgets slashed for 2014
More remote regions will see a scaling back of exploration activity.
Posted inNews
Statoil cuts project funding to boost dividends
Statoil pushes back production targets for 2020 to 2024.
Posted inNews
ConocoPhillips sets $13.5 billion budget for 2011
Exploration and production spend accounts for 90% of approved budget