Development costs still too high: report

THE supermajors are still spending 66% more to develop a barrel of oil equivalent than they were before the downturn in prices, according to new research from UK-based Apex Consulting.

07 March 2017
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According to Apex, which crunched the available numbers using a proprietary index that measures cost pressure for the supermajors, ExxonMobil, Shell, Chevron Corporation, Eni, Total and ConocoPhillips

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