Cost of Oil Drilling

The cost of drilling a deepwater well is about $30 million to $60 million, about 5 times higher than drilling in shallow waters, according to CNOOC, which said that it will need from 25 to 30 years to break even on rig cost.

Talk about a really long term investment…

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About Andre

Experience Business Developer & Alliance Partner Manager with Strong Technical Background Dealing with Complex Solutions
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