hopefully those 3-6 months will allow for an oil price recovery
again FRR.... gasfield to supply a local market
companies like OEX, where they have onshore and supplying directly in to local markets have got to look good against the backdrop of low oil prices
Middle east oil has a transport cost that it then needs to be shipped around the world to where its needed
onshore fields have the security of low production costs
so a big Saudi onshore field must have a benefit of scale over something like Lidsey
but then look a little UK onshore operation like Lidsey-1 where they state production cost is around $10
they reckon the shale oil frackers need an average around $90