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 Click on Details for more