Tuesday, January 12, 2016

CRUDE OIL COST OF PRODUCTION

COST OF PRODUCTION PER BARREL OF OIL (Country Wise).
  • United Kingdom,UK —– $52.50
    • Brazil ——————     $48.80
    • Canada — ————     $41.00
    • United States,US ——- $36.20
    • Norway ————–       $36.10
    • Angola —————-     $35.40
    • Colombia ————      $35.30
    • Nigeria —————-     $31.60
    • China —————-       $29.90
    • Mexico ————–       $29.10
    • Kazakhstan ——–        $27.80
    • Libya —————-       $23.80
    • Venezuela ———        $23.50
    • Algeria ————         $20.40
    • Russia —————       $17.20
    • Iran ——————       $12.60
    • Iraq —————–         $10.70
    • Saudi Arabia ——          $9.90     2nd cheapest.
    • Kuwait —————        $8.50    The cheapest.
NOTE: These findings are from Rystad Energy’s UCube database, which has information from roughly 65,000 oil and gas fields around the globe.

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