Price Drop Casts Doubt on $1.5 Trillion of Projects

摘要

Wood Mackenzie estimates that as much as $1.5 trillion of future spending on new oil and gas projects is at risk based on the current oil price, highlighting the industry's need to be more creative about managing costs. In a report published Monday, the consultancy said that a large number of new presanctioned conventional and US tight oil projects were uneconomic at a Brent price of $50 per barrel and "very much at risk."