Post by LochTay on Dec 21, 2015 13:00:17 GMT
We should all make our own judgement as to where the oil price is heading.
Purpose of this query however is more to understand what the confidence levels are in Saudi in terms of sustaining current and future projects. What are the general lift costs considered to be - what price are developments stress tested against etc.
Here in the UK there are large scale lay-offs happening, projects are being delayed/cancelled with many operations now running on a marginal basis.
What is the general feel within Aramco and do things still feel progressive??
Thanks for any feedback.
Purpose of this query however is more to understand what the confidence levels are in Saudi in terms of sustaining current and future projects. What are the general lift costs considered to be - what price are developments stress tested against etc.
Here in the UK there are large scale lay-offs happening, projects are being delayed/cancelled with many operations now running on a marginal basis.
What is the general feel within Aramco and do things still feel progressive??
Thanks for any feedback.
