Insight
North Sea Project Tracker Q4 2016: 40 per cent cost savings in latest FID
Report summary
2016 has yielded five FIDs across the North Sea; all are subsea tiebacks as larger decisions continue to be deferred. Statoil’s Trestakk offers a clear example of the cost savings that are being achieved with estimates down nearly 40%. The Norwegian major also continues to reduce costs at its flagship Johan Sverdrup development – we estimate phases II-IV now breakeven at less than US$40/bbl.
Table of contents
- North Sea Project Tracker Q4 2016: 40 per cent cost savings in latest FID
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This report includes 1 images and tables including:
- North Sea Project Tracker Q4 2016: 40 per cent cost savings in latest FID: Image 1
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