October 1, 2015
The graph shows the cost curve for remaining discovered liquids resources as of 2015: crude oil, condensate and NGL. The curve is made up of over 20,000 unique assets by considering each asset’s break-even price and remaining liquids resources.
The resources are split by supply segment groups – as shown by the coloured boxes. The width and height of the boxes represent the remaining resources as of 2015 and the range of breakeven 60% of the production lies within respectively. The resources for producing fields are included in the labelled grey box. The boxes – supply segment groups – can be compared based on a weighted average Brent break-even price to define their relative competitiveness.
Rystad Energy estimates that oil sands and the Arctic are the most expensive supply segments with an average breakeven of ~80 USD/bbl. Within offshore, shelf has the lowest average break-even price at ~60 USD/bbl, only marginally higher than Onshore Row.
Espen Erlingsen, VP Analysis
Phone: +47 24 00 42 00
Mobile: +47 41 44 77 61
Julia Weiss, VP Marketing
Phone: +47 24 00 42 90
Mobile: +47 48 29 87 61
About Rystad Energy
Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy consulting and research products.
Rystad Energy’s headquarters are located in Oslo, Norway, with additional research teams in India. Further presence has been established in Norway (Stavanger), the UK (London), USA (New York & Houston), Russia (Moscow), South Amercia (Rio de Janeiro), Africa as well as South East Asia.