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Table 8 Breakeven prices for oil

From: The role of natural gas as a primary fuel in the near future, including comparisons of acquisition, transmission and waste handling costs of as with competitive alternatives

Oilfields/sources Estimated production costs ($ 2008)
Mideast/N. African oilfields 6 - 28
Other conventional oilfields 6 - 39
CO 2 enhanced oil recovery 30 - 80
Deep/ultra-deep-water oilfields 32 - 65
Enhanced oil recovery 32 - 82
Arctic oilfields 32 - 100
Heavy oil/bitumen 32 - 68
Oil shales 52 - 113
Gas to liquids 38 - 113
Coal to liquids 60 - 113
  1. Source: “Oil Price Predictions and Breakeven Prices”, Richard Shaw, Seeking Alpha, December 25 2007