Security Costs Weighing On O&G Development Costs

News: The cost of protecting oil and gas personnel and pipeline repairs in Iraq is weighing on the overall costs of developing oil and gas assets in the country, reports Arabian Oil and Gas. The security cost for oil and gas personnel can be as high as US$6,000 a day, with a minimum cost of US$2,000 a day. An unnamed source said 'at the top end of personnel security, a solution would include B6 armoured vehicles, including a PSD trauma medic and would cost US$5,000 to US$6,000 per day' (Oil&Gas Middle East).

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Related sectors of this article: Oil & Gas
Geography: Iraq

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