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 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).