Navigating the depths: ranking oil EUR per well around the deepwater Atlantic

The Atlantic basin holds over 90% of the world’s deepwater oil reserves. Estimated Ultimate Recovery (EUR) offers invaluable insights into reservoir performance and economic viability. EUR per well is the key to a well's economic viability. EUR per well is the key to a well's economic viability. The average EUR per well across deepwater oil fields in the Atlantic basin, encompassing completed and proposed development wells, stands at 18 mmboe. EUR per well correlates positively with recovery factor. Fields that have commenced production more recently exhibit higher average EUR per well and often hold much greater reserves than those that started producing earlier. Fields with higher EUR per well tend to have lower emissions intensity. Higher average EUR per well tends to correlate with higher remaining net present value (NPV) across deepwater oil fields in the Atlantic basin. Fields that need fewer development wells are better positioned for quicker cycle times and cost reductions.