Half of all the oil production from future developments will be uneconomic with an oil price of USD 60 (Brent) per barrel, concludes consulting firm Wood Mackenzie in a new break-even analysis of future oil development projects.
The analysis covers conventional projects which have yet to receive final investment decision (pre-FID) as well as future drilling in US onshore projects, which are a crucial factor in terms of the future supply of oil.
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