low cost and hot sale extraction of total oil in gwadar

                                               
                                               
                                               
                                               
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  • How much does oil extraction cost?
  • We assume a linear increase between minimum and maximum extraction costs (given in constant 2008USD) from beginning to end of extraction for each individual resource type or region. Thus, for example, oil sands, with a total resource of 1000 Gb, are estimated to have extraction costs ranging from $35/barrel to $65/barrel ( IEA, 2008 ).‌
  • What are marginal and Average extraction costs?
  • (b) Marginal and average extraction costs for conventional and non-conventional oil production, as a function of cumulative production in Gb. Upper curve is the marginal cost per barrel; discontinuities represent new, more expensive resources undergoing production.‌
  • How much does oil cost per barrel?
  • Prior to the early 1970s, oil prices were consistently within a band between $10–$20/barrel; during the 1990s, after the decrease from high prices, the range was $20–$30/barrel, and for the past 4 yr, prices have been mainly within the range of $80–$100/barrel. 5.3. Additional parameters‌
  • How much does it cost to report oil?
  • Average worldwide costs for reporting companies have been around $30/barrel of oil equivalent; more importantly, marginal costs have been in the $60–80 range, far higher than projected by the IEA data we have used.‌
  • How many GB of oil are in production?
  • At present, cumulative production is slightly more than 1150 Gb, and enhanced oil recovery (EOR), oil sands mining, coal-to-liquids (CTL), gas-to-liquids (GTL) and even oil shale (kerogen) are all either in production or have been very recently under serious consideration. We will return to this figure in Section 4. Fig. 2.