Senior executives at Total (NYSE:TOT), ExxonMobil (NYSE:XOM), and Royal Dutch Shell (NYSE:RDS-A) (NYSE:RDS-B) are probably thinking to themselves that they've made a huge mistake for taking on the Kashagan oil project in the Caspian Sea. It may have seemed like a good idea at the time. It was, after all, the largest oil find in decades. Now that the project has been delayed yet again because of corroded pipes on the sea floor, it will likely not start up again until sometime in 2016.

These large oil players certainly have the balance sheet to handle the delays and high costs, but paying for a project that could end up costing more than $120,000 per flowing barrel of production for what will eventually be a major contributor to each company's production portfolio could be a deterrent to the company's return. In the video below, find out how this price tag relates to other major projects around the world and what it will mean for Total, Exxon, and Shell long term. 

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Tyler Crowe has no position in any stocks mentioned. You can follow Tyler at under the handle TMFDirtyBird, on Google +, or on Twitter @TylerCroweFool.

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