17 ms·
I think lifting cost are like ~$15/bbl so at $60/bbl (ex royalties on $80)it’s about double, but still not much, but you have to factor in the capital costs / I
by balderdash 3y ago
I think lifting cost are like ~$15/bbl so at $60/bbl (ex royalties on $80)it’s about double, but still not much, but you have to factor in the capital costs / IRR math, and that’s where it has the bigger impact - but no one is really making a marginal decision based on this