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Widening LLS Brent differential another uncertainty for deepwater GoM project economics

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Report summary

We estimate that a change in the future differential between LLS and Brent compared to the historical average will result in a US$15.5 billion decrease in value in deepwater GoM. As more US onshore crude is transported to the Gulf Coast Wood Mackenzie expects the LLS Brent differential to widen further. Despite this drop in value we do not anticipate that any future projects will become uneconomic as a result of this change alone.

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    Widening LLS Brent differential another uncertainty for GoM project economics June 2013.xls

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    Widening LLS Brent differential another uncertainty for deepwater GoM project economics

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Table of contents

Tables and charts

This report includes 3 images and tables including:

Images

  • US crude benchmarks (nominal)
  • Impact on value for top 10 projects

Tables

  • Economic effects for top 10 probable developments

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