North Sea oil companies making $40 profit on every barrel and costs are still falling!

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John Robertson
North Sea oil companies making profit on every barrel and costs are still falling!

(c) dawn.com BP CEO Bob Dudley said yesterday: This focus on standardization, simplification and discipline on cost has contributed to our average production costs in the North Sea coming down from a peak of over $30 a barrel in 2014, to less than $15 a barrel today. Heading towards 2020, with all our major new developments coming into production, we expect that to come down below $12 a barrel in the North Sea.’ North Sea oil for November is trading…

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John Robertson
North Sea oil companies making profit on every barrel and costs are still falling!