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The global oil cost curve: can US tight oil fill the supply gap?


The global oil cost curve: can US tight oil fill the supply gap?

Report summary

Wood Mackenzie's Oil Supply Tool now has a granular breakdown of the global cost curve. Breakeven costs have been assigned to every element of our global liquids supply view providing a comprehensive view of the global cost of supply. In this insight we highlight a portion of the valuable analysis that this dataset can provide.
Key findings include:

  • Higher cost projects required to fill a supply gap of 22 million b/d by 2026
  • Pre-FID projects are crucial part of the future supply mix making up half of the new supply required by 2026
  • Wolfcamp and Eagle Ford plays dominate the pre-FID cost curve in 2026
  • But as interest in the Permian inflates so too will costs

What's included?

This report includes 1 file(s)

  • Global cost curve.pdf PDF - 872.91 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Breakeven analysis
    • The global cost curve incorporates over 4,000 assets from onstream to yet-to-find (YTF)
    • Over time more expensive non-OPEC sources drive up the cost of supply
    • Higher cost projects required to fill a supply gap of 22 million b/d by 2026
    • Pre-FID projects are crucial part of the future supply mix making up half of the new supply required by 2026
    • Wolfcamp and Eagle Ford plays dominate the pre-FID cost curve in 2026
    • But as interest in the Permian inflates so too will costs

In this report there is 1 table or chart, including:

  • Breakeven analysis
    • The global oil cost curve by resource theme for 2026 production
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