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Offshore breakeven benchmark is $40/bbl now
Apr 06: Oil company budgets are up by 5% in 2018 even as breakeven levels are falling in the E&P industry
8Deepwater breakevens are now half of what they were three years ago.
8The $40 breakeven mark is now the new benchmark
8Pre-FID sanctioned breakeven level is averaging at $44/bbl. This breakeven level is as much as 15% below what it was in 2017
8With new cost estimates, some companies have raised their E&P spends even as other continue to cut them
8An estimate of company-wise E&P spending projections for 2018 are carried here
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