Insight

Global oil cost curves and pre-FID breakevens H2 2023

Get this report*

$6,000

You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

This insight includes the key charts and conclusions from our most recent global breakeven analysis, which was updated in line with the Global Oil Supply 10-year investment horizon outlook in November 2023. Breakeven costs are assigned to every element of our global liquids supply forecast. This gives us a comprehensive view of the global cost of supply and forms a crucial part of our long-term oil price forecast.

Table of contents

  • Key Middle Eastern OPEC countries contribute the cheapest sources of supply, dominating the lower end of the global cost curve
  • US Lower 48, Canada and non-OPEC sits on the higher end of the cost curve
  • Deepwater and US Lower 48 onshore will rely on high-cost supply to maintain production
  • Future sources of supply are needed to offset onstream field declines of 18 million b/d over the next 10 years, in order to meet global demand

Tables and charts

This report includes 1 images and tables including:

  • Global liquids capacity in 2033 by breakeven

What's included

This report contains:

  • Document

    Global oil cost curves and pre FID breakevens H2 2023 data pack.xlsx

    XLSX 2.09 MB

  • Document

    Global oil cost curves and pre FID breakevens H2 2023 slidepack.pdf

    PDF 1.09 MB