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Non-Tech : The Brazil Board

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Glenn Petersen

To: Glenn Petersen who wrote (1746)	5/17/2018 7:09:02 AM
From: elmatador	1 Recommendation Read Replies (1) of 2516

the breakeven price for pre-salt fields at less than $40 per barrel compared to $45 seven years ago. Earlier this year in a Reuters article the majority of shale oil producers confirmed they weren’t breaking even with West Texas Intermediate (WTI) at less than $50 per barrel. This can be attributed to improving drilling technology, regulatory changes, labor reforms and significantly improved efficiencies. In many cases pre-salt breakeven prices are even lower than many onshore unconventional U.S. basins. see full article oilprice.com

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