Market Overview – November 2011 Singapore - SBM Offshore
Market Overview – November 2011 Singapore - SBM Offshore
Market Overview – November 2011 Singapore - SBM Offshore
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240<br />
220<br />
200<br />
180<br />
160<br />
140<br />
120<br />
100<br />
IHS/CERA Upstream Capital Costs Index (UCCI)<br />
Trend in costs<br />
Q3 Q3 Q3 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q4 Q1 Q3 Q1 Q3 Q1<br />
2000 2001 2002 2003 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008 2008 2009 2009 2010 2010 <strong>2011</strong><br />
All the industry now works with new breakeven level for<br />
deepwater offshore development around US$ 50/bl<br />
page 19
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