Tag Archives: multinational

The IEA in its ‘World Energy Outlook 2008’ articulates that it costs between US$6 and US$28 to produce a barrel (bbl) of crude oil (in 2008 dollars) in the Middle East and North Africa. The range of production cost for other conventional fields is between US$6 and US39 per bbl. However, the production costs of deep/ultra-deep-water oilfields varies between US$32 …