Costly Deep-Sea Oil Turns Cheaper

What was one of the major changes in the oil industry following the 2014 price crash?

• Shift towards a modular approach to reduce costs

• Higher costs for renting floating rigs

• Increased activity in oil exploration

• More expensive oil extraction methods

What was the break-even price for deepwater projects in 2014?

• $63

• $75

• $100

• $50

What is the potential future break-even price for deepwater projects?

• $40

• $60

• $50

• $70

How does the cost reduction in deepwater projects compare to shale oil production?

• Deepwater projects have reduced costs faster than shale

• Neither has seen significant cost reductions

• Shale oil production has a quicker cost reduction

• Both have reduced costs at the same rate

What is a key difference in the learning curve between deepwater and shale oil projects?

• Deepwater projects have a slower learning curve

• Shale oil projects take longer to implement

• Deepwater projects have a faster learning curve

• Shale oil projects are more expensive to start