Insight

The Lower Tertiary play in deepwater GoM: what's at stake?

From

$1,350.00

Get this report

From

$1,350.00

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

FAQs

Contact us

Report summary

The Lower Tertiary s 49% geological success rate is basin leading with over 5.7 billion boe in recoverable reserves discovered to date. The play is still emerging with the majority of projects have yet to start production. We expect production to triple over the next ten years as the backlog of pre FID projects are sanctioned. Greenfield production will require mammoth amounts of capital investment. A steep uptick in spend is expected over the next four years growing at a 34% CAGR to a peak of US$8.5 billion in 2020. Given long lead times high drilling capex and relatively low recovery factors we estimate challenged economics for all yet to be sanctioned projects. Co development improved drilling efficiency and successful EOR are potential means to improve project economics.

What's included

This report contains

  • Document

    The Lower Tertiary in deepwater GoM what's at stake.pdf

    PDF 1.09 MB

  • Document

    The Lower Tertiary in deepwater GoM what's at stake.xls

    XLS 347.00 KB

  • Document

    The Lower Tertiary play in deepwater GoM: what's at stake?

    ZIP 1.10 MB

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898