Oil and Gas Capital Expenditure to Rise in 2010 after a Plunge in 2009

1 Table of Contents 2
1.1 List of Figures 4
2.1 Summary 5
3 Capital Expenditure to Rise in 2010 after a Plunge in 2009 6
3.1 E&P Spending Expected to Decline By 16.6% in 2009 6
3.2 International Oil Companies Have Reduced Their Spend, While National Oil Companies Continue to Invest 9
3.3 Oil & Gas Capital Expenditure To Rebound In 2010 10
3.4 Downside Risk to 2010 Capital Spending Plans 11
4 Recent Developments 12
4.1 Sep 14, 2009: Sasol Reports Profit Of ZAR13.7 Billion In Fiscal 2009 12
4.2 Aug 31, 2009: Exceed Energy Reports Oil And Gas Revenue Of CAD454,393 In Q2 2009 15
4.3 Aug 28, 2009: LUKOIL Reports Net Income Of $3.4 Billion In H1 2009 16
4.4 Aug 27, 2009: Action Energy Reports Oil And Natural Gas Sales Of CAD3.5 Million In Q2 2009 17
4.5 Aug 21, 2009: Sharon Energy Reports Total Revenues Of $284,000 In Q1 Fiscal 2010 18
4.6 Aug 19, 2009: DNO International Reports Total Operating Revenues Of NOK358.7 Million In Q2 2009 19
4.7 Aug 14, 2009: Petrobras Reports Net Income Of BRL7.7 Billion In Q2 2009 20
4.8 Aug 14, 2009: Candax Energy Reports Revenues Of CAD10.4 Million In Q2 2009 20
4.9 Aug 13, 2009: Iteration Energy Reports Revenues Of CAD44.9 Million In Q2 2009 21
4.10 Aug 12, 2009: Zargon Energy Reports Total Revenues Of CAD23.6 Million In Q2 2009 23
4.11 Aug 12, 2009: Seitel Reports Revenues Of $22.4 Million In Q2 2009 25
4.12 Aug 12, 2009: Rock Energy Reports Revenues Of CAD11.6 Million In Q2 2009 26
4.13 Aug 10, 2009: VAALCO Energy Reports Revenues Of $32.1 Million In Q2 2009 28
4.14 Aug 07, 2009: Cimarex Energy Reports Net Income Of $38.8 Million In Q2 2009 29
5 Appendix 31
5.1 Methodology 31
5.2 Contact Us 33
5.3 About GlobalData 33
5.4 Disclaimer 331.1 List of Figures
Figure 1: Oil & Gas Sector, Capital Expenditure Split by Company Type, $ Billion, 2009 8
Figure 2: Oil & Gas, Capital Expenditure and Growth, $ Billion, 2009 9
Figure 3: Oil & Gas Sector, Capital Expenditure Split by Company Type, $ Billion, 2006-10 10