Oil companies began to prepare for a price of $ 40 a barrel

Almaty. January 20. Silkroadnews - Oil companies began to prepare for a price of $40 a barrel, according to RBC.
"The most conservative Russian oil company - "Surgutneftegaz" is ready to review its investment program due to falling oil prices. "Rosneft" had a stress test to work under $40 per barrel, while its competitors first year went on a monthly planning of current activities. Forced to change plans even officials: they promptly rewrite the Energy Strategy of Russia",- the article says.
As announced last week, the deputy chairman of the Central Bank Kseniya Yudaeva, CB considers scenario at oil prices of $40 per barrel. A co-owner of "LUKOIL" Alekperov did not rule out that in the short term, the price of Brent crude oil could fall to $25 per barrel. According to him, is important not only lower threshold price, but also the size of the oscillations.
Most of his colleagues in the oil business avoid such statements, but since the beginning of the year switched to the monthly audit plans for this year. So, in December of last year, "Gazprom oil" CEO Dyukov said that his company switched to the monthly budget planning and assured that its current projects are stable at a price of $40-50 per barrel. "Bashneft" also work on a temporary basis, but the reason for this is change of ownership in December last year. The new Board of Directors will meet only on March 11 and he will consider arias scenes work and approve the budget for 2015.
In turn, "Surgutneftegas" plans to review its investment in the coming days.
"The price of $40 was a surprise for everyone. Now profitability of the company's major projects in the same way will be evaluated and the feasibility of acquiring new assets and licenses", - told RBC "Surgutneftegaz".
Russia's largest player - "Rosneft" - sees no reason for concern.
"The company maintains the lowest among the international oil and gas companies the level of operating costs per barrel - at the end of 2014, the figure was less than $4 per barrel", - said the representative of RBC.
"Gazprom Neft" also revise the investment program for 2015. In their opinion, "the decline in investment, which may be - is the decline in drilling in depleted fields, which will no longer give immediate economic returns at the current price of oil". And if it will drop in production, it is very small - in the range of 1-2%. Regarding future projects that have already started, analysts do not believe that it will stop working. They also appreciate the investment cycle in Russia for oil wells deposits at least in 5 years.
Meanwhile, analysts point out that the only sector where low barrel price affects the reduction of the amount of work and investment  is a field with hard oil. It is noted that in the framework of investment programs sequestering large oil companies will freeze only new, still unrealized projects.