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Global Oil Cost Curves and Pre-FID Breakevens

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07 March 2018

Global Oil Cost Curves and Pre-FID Breakevens

Report summary

Breakeven costs are assigned to every element of our global liquids supply view allowing a comprehensive view of the global cost of supply. Key analysis includes: 1) How the cost of supply will change through to 2035. 2) The importance future drilling in US Lower 48 and pre-FID projects. 3) Where each sub-play and pre-FID conventional project sits on the cost curve in ten years time. 4) How have offshore breakevens changed since before the price crash.

Why buy this report?

  • Understand the cost of supply and how it will change through time.
  • View low cost and high cost assets and where they are on the cost curve.
  • Identify future trends using the cost of supply and how the cost curve has migrated through time.
  • View individual offshore assets and compare to other assets in your portfolio.
  • Use the included dataset to benchmark specific assets and trends.

Table of contents

1. Executive summary

2. The 4 key charts which sum up global supply:

    • The global cost curve
    • OPEC vs Non-OPEC breakeven bands
    • The importance of pre-FID projects
    • The pre-FID cost curve

3. Granular analysis of the cost curves:

    • Individual cost curves of each resource theme
    • Key pre-FID projects split out
    • How and why has the pre-FID cost curve changed over time?
    • How have offshore breakevens changed at a country level?
    • How have deepwater specific breakevens changed over time at a country level?
    • Key deepwater projects
    • Key ultra-deepwater projects

4. Methodology and assumptions