Oil and gas companies have canceled projects at $ 380 billion

Since June, against the background of the large-scale collapse of oil prices, NK almost doubled the cost reduction for new projects - from $ 200 billion to $ 380 billion.

Moscow. January 14. INTERFAX.RU - Oil and gas companies are cutting costs on new projects most significant pace over several decades on the background of the collapse in oil prices: according to the consulting firm Wood Mackenzie, have canceled or postponed 68 major projects upstream (exploration and production) worth $ 380 billion.

According to Financial Times, reserves of these fields are estimated at 27 billion barrels of oil equivalent (boe), the potential production - 2.9 million barrels of oil equivalent per day. According Wood Mackenzie, the implementation of most of them moved to the beginning of the next decade.

Since June last year, the rate has almost doubled - from $ 200 billion to $ 380 billion, and the number of revised drafts - about a third.

Most suffer from deepwater drilling - due to the high cost for such projects account for more than half of the reductions.

“In the next six months will be deposited all new projects. The trend will continue”, - said Angus Rover from Wood Mackenzie.

Brent crude oil prices dropped in 2015 for the third year in a row since the beginning of 2016, prices fell by about 18%, to the lowest in more than a decade. In the course of trading on Wednesday, Brent fell below $ 30 a barrel for the first time since April 2004.

14 January 2016

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