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re: Is there going to be another retraction in oil prices?
Posted on 3/18/16 at 1:54 pm to Iowa Golfer
Posted on 3/18/16 at 1:54 pm to Iowa Golfer
BP Maddog breaks even in the $20's. I know that, I'm sure that's the same with thunderhorse and Atlantis. Those are some amazing assets.
LLOG said that they break even in deepwater in the $30's
LLOG said that they break even in deepwater in the $30's
2
Posted on 3/18/16 at 3:25 pm to b-rab2
LLOG never stopped drilling and completing.
I can believe they break even at $30. They are one of the most if not the most efficient E&P in deep water GOM.
I can believe they break even at $30. They are one of the most if not the most efficient E&P in deep water GOM.
This post was edited on 3/18/16 at 3:27 pm
Posted on 3/19/16 at 3:32 am to b-rab2
"BP Maddog breaks even in the $20's. I know that, I'm sure that's the same with thunderhorse and Atlantis. Those are some amazing assets."
Both those projects were commissioned at that price, but I don't believe that is the break even anymore, and both were before the memorandum...most of the new GoM "mega" projects are well above $45 break even. As others have said, its the LLOG's that take cookie cutter production platforms and are super efficient drilling/completing that can get down into the $30's.
Back on topic, yes I think there will be another dip into the $30's.
Both those projects were commissioned at that price, but I don't believe that is the break even anymore, and both were before the memorandum...most of the new GoM "mega" projects are well above $45 break even. As others have said, its the LLOG's that take cookie cutter production platforms and are super efficient drilling/completing that can get down into the $30's.
Back on topic, yes I think there will be another dip into the $30's.
This post was edited on 3/19/16 at 3:33 am
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