US$48bbl, where's the profits.?? with a price like the above...

US$48bbl, where's the profits.??

with a price like the above many "offshore producers" will be nervous.

when it's all said and done it's like trying to squeeze blood from a stone.

big part of the costs comes from "floating production vessel", it's there 24/7 with a good number of crew members.

I wouldn't be surprise if they are just keeping their head above water.

bad situation with a company that's just borrowed mega bucks.


.....