Insight
After the crash – what's changed in the US Gulf of Mexico?
Report summary
The US GoM is leaner and nimbler than it was in the last price downturn. But the implications of the most recent crash in prices will be felt for years to come. Investment, cash flow, exploration and project sanctions have all seen major recalibrations. In this report, we have outlined the five key findings from our revised Lens Upstream dataset to show what current market conditions mean for companies operating in the US GoM.
Table of contents
-
Executive summary
- Low prices take a toll on valuations
- US GoM companies try to live within cash flow
- Exploration and leasing are hit the hardest
- Leasing spend crashes
- Exploration plans get halved
- No project gets the greenlight
- Conclusion
Tables and charts
This report includes 7 images and tables including:
- Remaining NPV 10 (Jan 2020 dataset)
- Capex revision
- Production revision
- Assets most impacted by 2020 capex reductions
- Company cash flows in 2020
- Exploration activity outlook (2020)
- Projects with deferred FID
What's included
This report contains:
Other reports you may be interested in
Asset Report
Anchor (GC 807)
Anchor is a large oil and gas field located in the southern portion of the Green Canyon protraction area in the US Central Gulf of ...
$3,100
Asset Report
Marlin (VK 915)
Marlin (VK 915) is a large gas field with a small oil rim, located in the Viosca Knoll protraction area of the Central Gulf of Mexico. ...
$3,100
Asset Report
Thunder Horse
Thunder Horse is one of the largest oil fields found to date in the deepwater Gulf of Mexico. The monster field still contains one of ...
$3,100