To: Zhang Fei
They have some production that cheap, but they didn’t spend $17 billion on Manifa for a whim. That is what new production is costing them.
61 posted on
01/13/2015 2:31:24 PM PST by
thackney
(life is fragile, handle with prayer)
To: thackney
They have some production that cheap, but they didnt spend $17 billion on Manifa for a whim.Manifa is 1/10 Saudi Arabia's daily production. It's a shallow water well, so cash costs should be low. Freeport McMoran's deep water GOM cash cost was $12.
63 posted on
01/13/2015 2:39:31 PM PST by
Zhang Fei
(Let us pray that peace be now restored to the world and that God will preserve it always.)
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