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How to Break a North Sea Project Cost Estimator ref. Hurricane Energy & Xcite

By Steve Brown | Monday 10 August 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


How do you know what a North Sea development project will cost? Well, most of us have our rules of thumb, some a tad more sophisticated than others. They range from just knowing that North Sea capex per barrel has been running at nearly $30/bbl for the last few years to sophisticated computer models based on construction rates and equipment weights.

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