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.

Development costs still too high: report Development costs still too high: report Development costs still too high: report Development costs still too high: report Development costs still too high: report
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