Investor Presentaiton
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Offshore is Highly Sensitive to Oil Price Development
Break-even oil price for offshore projects (fields not yet in production, Q1 2015)
30%
33%-73 % of offshore projects
feasible between 60 and 80
USD/bbl
25%
0%-33% of offshore projects
feasible with the price below
20%
60 USD/bbl
More than 73% of offshore
projects feasible when the price
climbs above 80 USD/bbl
15%
25,4%
27,0%
10%
17,5%
12,7%
5%
3,2%
4,8%
4,9%
4,6%
0%
<40 USD
USD 40-50 USD 50-60
USD 60-70
USD 70-80
USD 80-90
USD 90-100 USD 100+
EIA oil price forecast (North Sea Brent crude, USD/bbl)
2014
2015
2016
2017
2018
2019
2020
Source: Clarksons, EIA (oil price development in constant USD values)
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© Wärtsilä
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
EIA predicts the price of Brent
crude to stay below 80 USD/bbl
until 2021
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