Which indicators should be tracked to assess profitability in an upstream oil market?
To assess profitability in an upstream oil market, decision-makers should analyze proven and probable reserves, exploration costs, drilling costs, well success rates, production cost per barrel, field decline profiles, crude prices, fiscal regimes, licensing terms, geopolitical risks, export capacity and environmental constraints. Sectorious reports help oil companies, investors, oilfield service providers and public decision-makers compare exploration basins, development projects and operational risks before making investment decisions.