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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| 2 | 11377 | $8.01 |
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