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Capital Costs in a Low Oil Price World

By Steve Brown | Monday 9 February 2015


 


At oil prices of less than $50/bbl not many North Sea projects look very profitable, especially when you evaluate the investments with the costs operators have become accustomed to paying over the last three or four years. But in a low oil price environment demand for services will fall and when demand falls, prices will fall too. But how far and how fast?


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