JPR jupiter energy limited

production

  1. 762 Posts.
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    it would be great if we could move this discussion to the next phase (year i know thats if we get there GO)
    what are the costs ,transport, royalties etc attached to this project
    my two bobs worth :

    What Affects Production Costs?

    Reservoir characteristics (such as pressure) and physical characteristics of the crude oil are important factors that affect the cost of producing oil. Because these characteristics vary substantially among different geographic locations, the cost of producing oil also varies substantially. In 2007, average lifting costs (all the costs associated with bringing a barrel of oil to the surface) reported to EIA by the major private oil companies participating in the Financial Reporting System (FRS)1 ranged from about $3.87 per barrel (excluding taxes) in Central and South America to about $10.00 per barrel in Canada. The average for the U.S. was $8.35 per barrel (an increase of 18.5 percent over the $7.05 per barrel cost in 2006).

    Besides the direct costs associated with removing the oil from the ground, substantial costs are incurred to explore for and develop oil fields (called finding costs), and these also vary substantially by region. Finding costs averaged over 2005, 2006, and 2007, ranged from about $4.77 per barrel in the Middle East to $49.54 per barrel for the U.S. offshore. While technological advances in finding and producing oil have made it possible to bring oil to the surface from more remote reservoirs at ever increasing depths, such as in the deepwater Gulf of Mexico, the total finding and lifting costs have increased sharply in recent years. Much of this recent increase is attributable to the rapid expansion of the world economy and is likely to reverse direction as the economic growth has slowed or delined in 2008/2009.


    Source: Energy Information Adminstration, Performance Profiles of Major Energy Producers 2007

    figure data
    yes its dated info but its a starter
 
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