Did you ever wonder what crude price oil companies use to determine if a project is viable or not? It’s definitely not the Malaysian government way, who say that they used USD120/barrel when the price of crude was USD140/barrel (it’s about USD65 today, 10th Nov).
The actual amount is proprietary, depending on the risk analysis and risk tolerance of the individual companies. I’ve seen in the past that a project is analysed with crude at half the current or foreseeable market price. So, those who thought oil would stabilise at USD100 could have budgeted projects to be profitable at USD50.
So, Synergy Oil & Gas Engineering Sdn Bhd has a chance to birth and mature in these trying times 🙂 (hey, it’s my blog).
Wata - Malaysian Oil and Gas Engineer 
Synergy Oil and Gas Engineering is great. They are the best engineers in town