Green Car Congress

FEBRUARY 25, 2016

Saudi Arabia and Kuwait enjoy some of the lowest production costs in the world, at about $10 and $8.50, respectively, according to Rystad Energy data. But these are just the costs of lifting oil out of the ground. And that’s with per barrel production costs of around $31/$32 in Nigeria, $23/$24 in Libya, and $10/$11 in Iraq.

Saudi Arabia 150

Saudi Arabia Oil Oil-Sands Iraq 150

Green Car Congress

JUNE 23, 2011

For Chevron, this means (a) managing down the cost of steam generation for injection into the field and (b) using information technology to be able to “dial in” the steam at the optimum pressure and temperature to specific locations in the strata of the field—and then recovering that newly flowing oil. Source: Chevron.

Chevron 244

Chevron Oil Oil-Sands Production 244

Green Car Congress

MAY 6, 2019

Saudi Arabia and Kuwait might, and should be encouraged to do so. From these scenarios, the authors derice a set of lessons: The falling costs of technology will deliver a low-carbon world. Nigeria or Algeria cannot do the same for their oil industry. —Goldthau et al. —Goldthau et al.

Carbon 207

Carbon Europe Climate Change Saudi Arabia 207

Green Car Congress

AUGUST 13, 2015

Each producer, therefore, is incentivized to undercut other producers directly (price per barrel) or indirectly (absorbing shipping cost or delivery risk) to win sales in Asia (or displace incumbent suppliers in other major markets). National oil producers can and are shifting the cost of the lowered prices to other sectors of the economy.

Saudi Arabia 150

Saudi Arabia Oil Iraq Iran 150