Global oil cost curves and pre-FID breakevens - updated H2 2022
Report summary
Table of contents
- Key OPEC countries contribute the cheapest sources of supply, dominating the lower end of the global oil cost curve
- Supply from the US Lower 48, Canada and non-OPEC sits on the higher end of the cost curve
- Shallow water supply is mainly low cost, however, deepwater and US Lower 48 onshore rely on higher cost supply to maintain production
- Pre-FID projects globally and future drilling in the US Lower 48 will contribute 15 million b/d of supply over the next 10 years
- Additional future sources of supply add a further 14 million b/d over the next 10 years; with 8 million b/d breaking even below $40/bbl
Tables and charts
This report includes 1 images and tables including:
- Global liquids capacity in 2033 by breakeven
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