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Why Do Oil Fields Still Get Built?
Why do oil fields still get built? Harry Benham is joined by Guy Prince, head of Carbon Tracker's oil and gas team, to follow the long road from discovery to development – and look at why so many discoveries never make it.
They discuss why "a billion barrels" is never quite what it sounds like, how $100 oil turned deepwater, oil sands and shale into household names, what a breakeven price really tells you, and why a perfectly profitable field can still lose the competition for capital.
The episode ends in the North Sea, where Harry and Guy look at the investment case for Rosebank, before turning to the question at the centre of the next episode: when an oil field shuts down, who pays?
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26 August 2026
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