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Marina Schwarz

1.1 Bpd in New Oil Supply Coming by 2025

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"Over US$83.1 billion in capital expenditure will be spent over the lifetime of the top 10 onshore oil projects to produce 9.7 billion bbls of crude oil, according to GlobalData, a leading data and analytics company. These 10 projects, selected from 126 upcoming onshore projects globally, will contribute incremental capacity of 1 135 034 bpd to global supply by 2025."

This doesn't sound like a whole lot as regards new supply, so I'm thinking a lot more will be poured into offshore oil. But on the other hand, the breakeven here is between $57 (Russia) and $52 (Canada). How are the offshore guys faring in the breakeven department?

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