MRO Magazine

Oil & gas extraction industry saw drop in capital & operating expenditures in 2012

Ottawa – Capital expenditures by the conventional oil and gas extraction industry decreased 1.1% from 2011 to $39.2 billion in 2012, Statistics Canada reports.


Industry

September 13, 2013
By MRO Magazine
MRO Magazine

Industries

Ottawa – Capital expenditures by the conventional oil and gas extraction industry decreased 1.1% from 2011 to $39.2 billion in 2012, Statistics Canada reports.

The non-conventional sector capital expenditures increased 18.7% to $27.7 billion in 2012.

Operating expenses for the conventional sector fell 4.9% from 2011 to $26.3 billion, mainly the result of lower royalty payments. Operating expenses in the non-conventional sector increased 4.9% from 2011 to $23.9 billion, principally a result of higher operating costs.

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