IHS Energy, a provider of oil and gas information and consulting services, has released its 2004 report on world petroleum trends which, based on its independent international database, provides a comprehensive 10-year summary of major country, regional, and global trends in oil and gas exploration and production activity including discovered resource estimates; liquids and gas production; wildcat, appraisal, and development drilling; licensing activity; and 2D/3D seismic activity.

“Based on the analysis of our comprehensive global data, which is derived at the field level from relationships with governments, operators and reporting agencies, we have drawn some unique and significant conclusions,” commented...

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