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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (108114)	10/24/2014 9:48:58 AM
From: KyrosL	Read Replies (1) \| Respond to of 219873

These are 2008 costs.

To: elmatador who wrote (108114)	10/24/2014 5:39:15 PM
From: Jacob Snyder	Respond to of 219873

<Oil production cost estimates> 1. 2008 data; things have changed 2. It is hazardous to make any generalization about the cost of "deepwater" or "shale". Costs are different for different fields in different countries, and even in different parts of the same field. 3. For Brazil's deepwater resources, costs are likely to be higher than deepwater elsewhere. This is because of the depth, the geology, and the fact it hasn't been done there before on any large scale. 4. Costs for shale and oil sands have been falling, as the technology advances. 5. From what I've read, costs have not been falling for deepwater. If anything, after Macondo, regulatory costs have increased. Conclusion: at $80 oil, Brazil's plans for domestic oil production are at risk, more so than N.American shale and oil sands. Of course, Brazil could decide to do it anyway for political reasons, even if it is uneconomic.