Upstream Costs and the Price of Oil includes the expert analysis necessary to determine how oil production costs affect oil prices. Published by the CGES, the study examines the most hostile of environments to establish if they can justify oil prices anywhere near the levels reached in 2008

Finding, development and operating costs for onshore and offshore oilfields in most areas of the world are compared and contrasted, and the recent levels of such costs are set against previous levels, providing you with a clear picture of the evolution of costs over time. The study also examines investment intensities in different areas and from such intensities derives fully-built-up costs per barrel, offering you an alternative evaluation of oil costs.

The study provides you with an impressive set of statistics of oil costs around the world.

The well-researched examination of oil costs and their evolution over time presented in this report will help you define the floor price of oil in the longer-term and offers a series of benchmarks for oil producers in various parts of the world, allowing you to compare your costs with average costs in the country or region in which you operate.

Upstream costs and the price of oil will help you dissect the cost of oil production globally and the relationship between costs and high oil prices. A thorough and up-to-date knowledge of oil costs is essential to good decision-making in the oil and gas business and among those who invest in or lend to it.

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