Development Capital Expenditure


All posts for Development Capital Expenditure

Oil and Gas Companies Are Spending Too Much Time and Money on Their AFE Processes

So how do we go about streamlining the AFE workflow and approval process? Most companies' AFE processes are costing them time and money because they rely on manual processes that can move only as fast as the slowest employee. To illustrate the real costs of this manual process, let's take a loo ...

Marcus Kelly - TouchstoneEnergy


Posted 8 days agoOpinion > Business ProcessexpenditureDevelopment Capital Expenditure +3

Supermajors’ Cost Index: How Efficient are they in Developing their Assets? | Petroleum Africa

The ‘lower for longer' oil price environment has forced oil and gas companies to look hard at their cost structures. Despite development costs accounting for more than 50% of total costs, the industry currently acks a widely accepted measure for assessing efficiency in this area.

Muktadir Ur Rahman


Posted 1 year agoLink > Supermajors Cost IndexBPShell +20

Study: Oil, Gas Development Costs Fall, But Could Go Lower

Looking specifically at seven supermajors—BP, Royal Dutch Shell Plc (NYSE: RDS.A), Eni (NYSE: E), Chevron Corp. (NYSE: CVX), ExxonMobil Corp. (NYSE: XOM), Total (NYSE: TOT) and ConocoPhillips (NYSE: COP)—development cost per barrel of oil equivalent (boe) increased by 66% between 2011 and 2015, bu ...

Muktadir Ur Rahman


Posted 1 year agoLink > Supermajors Cost IndexBPShell +20