Asset report

DO NOT USE - US GoM Deepwater Gulf Coast Tertiary exploration basin

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Report summary

The US GoM Deepwater Gulf Coast Tertiary basin has a decades-long history of exploration and development, with close to 25 bnboe of resource found. While the region is highly prospective with significant remaining volume potential, it has been a challenging area to create full-cycle value because of high costs. With limited opportunity left in the shallower plays, explorers are operating in more technically challenging and costly environments. Improvements in technology, in seismic imaging and deepwater rigs in particular, have allowed operators to explore previously unseen and unreachable targets. Massive resource potential exists in the Subsalt Miocene, Paleogene (Lower Tertiary) and Jurassic plays, although all have numerous geologic and engineering complexities. However, the industry's recent success in reducing both exploration and development costs should see a return to positive value creation in the basin. Full details are available for download in pdf and xls format.

What's included

This report contains

Table of contents

Tables and charts

This report includes 108 images and tables including:

Images

  • Value creation versus investment (TYP period)
  • Value creation versus investment (outlook)
  • Exploration history map
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Exploration and appraisal spend
  • Exploration spend per well and average well depth
  • Summary and key issues: Image 3
  • Gross exploration wells completed by operator
  • Net exploration wells completed by participant
  • Drilling activity by well type
  • Cumulative exploration wells by play
  • Discoveries and success rates
  • Discoveries by licence year and drilling year
  • Basin creaming curve
  • Volumes discovered by year
  • Average discovery size and volume per well by year
  • Cumulative discoveries by play
  • Cumulative volumes discovered by play
  • Plio-Pleistocene
  • Mid-Late Miocene
  • Subsalt Miocene
  • Ultradeep Subsalt Mio-Pliocene
  • Paleogene
  • Jurassic
  • Value creation, spend and volume discovered
  • Returns by drilling year
  • Breakeven price versus prospect size
  • Value creation versus investment
  • Plio-Pleistocene
  • Reserves and resources: Image 7
  • Subsalt Miocene
  • Ultradeep Subsalt Mio-Pliocene
  • Paleogene
  • Jurassic
  • Brent and local oil price assumptions
  • Henry Hub and local gas price assumptions
  • Brent and local oil price assumptions
  • Henry Hub and local gas price assumptions
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivites
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivites
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities

Tables

  • Play level data
  • Assumptions
  • Key play characteristics
  • Recent discovery costs
  • Summary of discovery and development costs
  • Key licence holders
  • Key well operators (TYP period)
  • Company success rates and discoveries
  • Key basin data
  • Top discoveries (TYP period)
  • Forecast data by play (outlook)
  • Plio-Pleistocene
  • Mid-Late Miocene
  • Subsalt Miocene
  • Ultradeep Subsalt Mio-Pliocene
  • Paleoegene
  • Jurassic
  • Plio-Pleistocene
  • Mid-Late Miocene
  • Subsalt Miocene
  • Ultradeep Subsalt Mio-Pliocene
  • Paleogene
  • Jurassic
  • Typical fiscal terms
  • Plio-Pleistocene
  • Mid-Late Miocene
  • Subsalt Miocene
  • Ultradeep Subsalt Mio-Pliocene
  • Paleogene
  • Jurassic
  • Plio-Pleistocene
  • Mid-Late Miocene
  • Subsalt Miocene
  • Ultradeep Subsalt Mio-Pliocene
  • Paleogene
  • Jurassic
  • Full-cycle economics analysis
  • Average value of future discoveries and implied acreage value
  • Reserves and resources: Table 4
  • Reserves and resources: Table 5
  • Reserves and resources: Table 6
  • Reserves and resources: Table 7
  • Reserves and resources: Table 8
  • Reserves and resources: Table 9

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