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

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22 February 2017

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

Table of contents

    • 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

Tables and charts

This report includes 1 images and tables including:

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

What's included

This report contains:

  • Document

    Global cost curve.pdf

    PDF 872.91 KB