Pre-FID oil projects: global breakeven analysis and cost curves
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
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Breakeven analysis: an update
- 70% of production from future developments is now commercial at US$60/bbl in 2025
- Deep/ultra-deepwater projects are hit hardest, although cost deflation is evident
- Since 2009 the advent of tight oil has had the biggest impact on the cost curve
- If prices remain around $50/bbl then most major conventional projects are at risk of deferral or cancellation
Tables and charts
This report includes the following images and tables:
- Cost curve: cumulative production by breakeven in 2025 – by resource theme
What's included
This report contains:
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