cost of oil production per barrel
oil prices are now well above the $ 50 $ 80 per barrel cost of production from most of the world s newest oilfields a level believed to be a natural floor for oil priceshe iea in its world energy outlook 2008 articulates that it costs between us $ 6 and us $ 28 to produce a barrel bbl of crude oil in 2008 dollars in the middle east and north africa the range of production cost for other conventional fields is between us $ 6 and us39 per bbl
at full scale production the production costs for one barrel of light crude oil of the australia s stuart plant were projected to be in the range of $ 11 3 to $ 12 4 per barrel including capital costs and operation costs over a projected 30 year lifetimehe united states department of energy estimates that the ex situ processing would be economic at sustained average world oil prices above us $ 54 per barrel and in situ processing would be economic at prices above $ 35 per barrel