Hi ecneitap.....just a quick pedantic point.....oil price for OEL will vary according to the particular play. From what I gather, the oil we expect to produce in GoM will be priced at or near WTI, while the oil we are seeking on the Central North Slope of Alaska is a high API light tight oil, likely to be priced closer to Brent.
A snapshot of spot prices from Bloomberg show that we can have a few dollars difference between the two.
OIL, page-2
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