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8 Pages

High value in deepwater Gulf of Mexico's riskier assets


High value in deepwater Gulf of Mexico's riskier assets

Report summary

In 2012, 200 mmboe was added to our US$32 billion portfolio of economic, unsanctioned discoveries. We expect four projects, with 1.3 bnboe, will be sanctioned in 2013. Three North Platte-size discoveries are required to maintain the current portfolio's reserves.

What's included?

This report includes 2 file(s)

  • High value in deepwater Gulf of Mexico's riskier assets PDF - 573.24 KB 8 Pages, 2 Tables, 5 Figures
  • High value in deepwater Gulf of Mexicos riskier assets.xls XLS - 116.00 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • What’s changed since 2011?
  • We expect significant changes in 2013
  • Multiple upside and downside risks to the development of these assets
    • Assets in emerging plays require infrastructure development
    • Flow assurance requirements could affect both cases
  • Majors and NOCs hold the most value
  • Some companies have more control over the outcome of their assets
  • Appendix
    • Economic Assumptions

In this report there are 7 tables or charts, including:

  • What’s changed since 2011?
    • Economic discoveries (>35 mmboe), but no FID
  • We expect significant changes in 2013
    • Map of deepwater Gulf of Mexico probable, good technical and some uneconomic technical fields
  • Multiple upside and downside risks to the development of these assets
  • Majors and NOCs hold the most value
    • Net, post-tax PV > US$1 billion
    • Net, post-tax PV < US$1 billion
  • Some companies have more control over the outcome of their assets
    • Operated and non-operated NPV of unsanctioned economic assets by company type
  • Appendix
    • Detailed list of fields classified as probable that are included in this portfolio
    • Detailed list of fields classified as good technical that are included in this portfolio
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