Asset Report
US GoM Deepwater exploration basin
Report summary
The US Gulf of Mexico Deepwater Gulf Coast Tertiary Basin has a decades-long history of exploration and development activity across numerous plays. It has shown itself to be resilient to numerous price cycles. Explorers focused initially on shallower plays, located in geologic areas that are now well understood. As these plays matured, explorers have stepped into more technically challenging and costly environments. Improvements in subsalt imaging and advances in rig specifications have enabled drilling of increasingly complex wells in ultra-deep waters. Significant prospective resource potential remains, notably in the Subsalt Miocene and Paleogene plays. Improvements made by the E&P industry in controlling exploration costs mean that even when exploring and developing these complex, predominantly ultra-deep water plays, full-cycle returns can be positive. Full details are available for download in pdf and xls format.
Table of contents
- Summary and key issues
-
Summary of commercial outlook
- Advantages:
- Challenges:
- Plio-Pleistocene
- Mid-Late Miocene and Subsalt Miocene
- Paleogene
- Jurassic
- Ultra-deepwater Subsalt Mio-Pliocene
- Cretaceous
- Wells drilled
-
Prospective resources by play
- Plio-Pleistocene
- Mid-Late Miocene
- Subsalt Miocene
- Paleogene
- Jurassic
- Prospective resource costs and underlying development assumptions
- Development value
-
Prospect economics - Plio-Pleistocene
- Mid-Late Miocene
- Subsalt Miocene
- Paleogene
- Jurassic
- Licensing
- Fiscal terms
-
Oil and gas prices
- Plio-Pleistocene and Mid-Late Miocene
- Subsalt Miocene
- Paleogene and Jurassic
Tables and charts
This report includes 46 images and tables including:
- Exploration history map
- Drilling activity by well type
- Discoveries and success rates
- Top 10 discoveries 2013-2022
- Current acreage holders
- Plio-Pleistocene
- Mid-Late Miocene
- Subsalt Miocene
- Paleogene
- Jurassic
- Summary of discovery and development costs
- Unit value of potential discoveries
- Breakeven price of exploration
- Expected monetary value (EMV) at Base price
- Typical fiscal terms
- Exploration wells by play
- Key play characteristics
- Creaming curve
- Prospective resource summary
- Creaming curve
- Prospective resource summary
- Creaming curve
- Prospective resource summary
- Creaming curve
- Prospective resource summary
- Creaming curve
- Prospective resource summary
- Unit value of potential discoveries
- Breakeven price of exploration
- Expected monetary value (EMV) at Base price
- Unit value of potential discoveries
- Breakeven price of exploration
- Expected monetary value (EMV) at Base price
- Unit value of potential discoveries
- Breakeven price of exploration
- Expected monetary value (EMV) at Base price
- Unit value of potential discoveries
- Breakeven price of exploration
- Expected monetary value (EMV) at Base price
- Full-cycle economics analysis
- 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
- Brent and local oil price assumptions
- Henry Hub and local gas price assumptions
What's included
This report contains:
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