Sentence examples for lifting cost from inspiring English sources
Meanwhile, the average "lifting" cost has fallen by half, to less than $4 a barrel.Such improvements may be only the beginning.
Gas and/or water coning encountered in many oil wells is a serious problem which results in lower oil production rates, lower oil recovery and increased lifting cost.
This included the lifting cost, water handling, reinjection and recycling costs.
The wide usage of PCP in CHOPS is also based on its higher volumetric efficiencies, lower lifting cost, lower capital cost, lower maintenance, application flexibility, and environmental benefits (Revard 1995).
With "lifting" costs of $3 to $5 a barrel the fuel is cheap but the opportunity cost, given a global price of $125, is huge.
Numerous oil wells, especially in their middle-late periods, are becoming less economic due to the high lifting costs and reduced recoveries.
We ran an oil and gas operation in the North Sea with some of the lowest oil lifting costs in the region, but we could see that our renewable energy investments were more profitable when taking risk into consideration.
At current prices, its cargo should be worth nearly $120m.A western oil executive based in Libya until the uprising says Agoco has enough local expertise to keep up production for some time and, given low lifting costs, should be able to make a profit of about $80 on each barrel it exports.
Lifting costs: The lifting costs, which include liquid lifting, transportation and reinjection are calculated on the total liquid production costs and are priced as $0.25 per barrel or $1.832 per tonne (Melzer 2006).
These are added as 20%% of the lifting costs and operation and maintenance costs for CO2 recycling (Melzer 2006).
