Apparently a lot of West African fields would barely be profitable at the current oil price.
"He said a number of African fields will likely be considered marginal under $50/b oil, so explorers will need to look at technology and new ways of financing more carefully".
New Frontiers: Price drops could reset African crude ...
blogs.platts.com/2015/02/23/africa-crude-oil-production-reset/
2 days ago - Tullow Oil, Africa's most well-known explorer, which spearheaded the search for ... a shift of spending focus from exploration to develop its low-cost West African
POO is AUD$70, page-195
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Last
$7.94 |
Change
0.050(0.63%) |
Mkt cap ! $25.78B | |||
| Open | High | Low | Value | Volume |
| $7.96 | $7.96 | $7.88 | $52.96M | 6.684M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12545 | $7.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.95 | 91417 | 15 |
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