The US GoM Deepwater West Gulf Coast Tertiary Basin has a decades-long history of exploration and development activity. While the region is highly prospective with significant remaining volume potential, it is a challenging area to create full-cycle value because of high discovery, development, and operating costs, coupled with current low oil prices. 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 for operators to explore previously unseen and unreachable targets. Massive resource potential exists in the Subsalt Miocene and Paleogene plays, however these plays have numerous geologic and engineering complexities, and challenge the ability to generate value.
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US GoM Deepwater West Gulf Coast Tertiary exploration basin PDF - 3.41 MB 46 Pages, 34 Tables, 52 Figures
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Oil and gas exploration is an industry in constant motion, from technological breakthroughs to shifting supply and demand. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.
This Exploration Basin report provides a detailed analysis of exploration of this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. You'll also find information about discovery and development costs and full-cycle returns.
Explorers and advisors can use this report to understand the history and potential value of this basin.
Wood Mackenzie has access to historic data for over 450 basins and forecasts for more than 125 basins. We provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies.
Our in-depth analysis gives you the information you need to navigate the ever-changing challenges of oil and gas exploration so you can make critical commercial decisions.
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Asset report | Nov 2016
US GoM Deepwater West Gulf Coast Tertiary exploration basin
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