Estimated cash costs for 2017

July 4, 2018

According to Rystad Energy estimates, the United Kingdom and Australia exhibited the highest cash costs per boe in 2017. Both countries—along with Argentina and Egypt—saw over 40% of their respective cash costs absorbed by capital expenditures. Moreover, the UK once again saw the highest production costs, which accounted for 44% of the country’s total costs per boe. Venezuela and Russia witnessed the highest tax burden, with each country contributing more than 30% of total per-boe costs to tax payments.

 

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