Insight
The US GoM Paleogene: what do the first ten years of production reveal?
Report summary
Since production from Paleogene reservoirs began in 2010, it has grown by 100x to 320,000 boe/d. Five Paleogene projects have achieved FID in the last four years with a committed spend of over US$6 billion and are set to come onstream between 2024 and 2025. As we draw close to first oil from this wave of projects, we analyse the last ten years of exploration and production from the Paleogene and assess the future of the play.
Table of contents
- Executive summary
- The Paleogene: a subsurface view
-
What does a decade of production from the Paleogene reveal?
- How does the Paleogene compare to other US GoM plays and offshore basins?
- The emission intensity advantage
- What to watch in the Paleogene: 20-kpsi deployment and new infrastructure
-
The future of the Paleogene
- Simulation of Paleogene exploration outcomes
- Conclusion
- Appendix
Tables and charts
This report includes 15 images and tables including:
- Simplified stratigraphic chart of deepwater US GoM reservoirs
- US GoM deepwater Reservoir depth and bottomhole pressures by play type
- US GoM Paloegene peak well production (kbbl/d)
- US GoM exploration activity (2012 - 2023e)
- Depth and initial production rates of Paleogene fields, by area
- Central and West Paleogene cumulative oil production
- Historical oil production and models of Paleogene fields
- Paleogene discovered resources by year and commerciality
- Reservoir sizes of commercial undeveloped fields (mmboe)
- Paleogene exploration simulation setup
- Daily oil production per well, average, and standard deviation by reservoir type
- EUR (mmboe) per well by offshore basin
- US GoM Paleogene and global deepwater average emission intensity
- Simulated number of commercial fields and total oil reserves
- Simulation results table
What's included
This report contains:
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