Oil and Gas Markets to 2025 - LUKoil

... recovered. Now about 15 mb/d have a commercial production cost of over $70/bbl. In USA, shale oil projects on average need $80/bbl to become profitable. As we are moving towards more expensive basins costs will continue to rise, even from now till 2025 72% of increase in supply will be attributed to hi-tech production methods and... ... CIS. I personally think this is a key point to remember for all those advocating that Russia uses ‘energy weaponry’ or is overcharging its customers, as prices have to be raised for gas and oil as costs are not standing still. Off to the Sea Oil discovery has...