Understanding the US GoM's emissions advantage Report

Insight 14 June 2023

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Report summary

Emissions advantage has become a key criterion in project sanction decisions. This has improved the relative attractiveness of the US GoM to upstream investors. We estimate the average intensity in the US GoM to be 7.4 tons of carbon dioxide equivalent per thousand barrels of oil equivalent (tCO2e/kboe) in 2023, while the global average for deep and ultra-deepwater fields is 14. Understanding the influences on emission intensity is a considerable challenge. Every part of the upstream system, from the reservoir properties to the export pipelines, affects how much carbon is emitted during production. We combine government data with Wood Mackenzie’s asset level emissions and subsurface data sets to explore the GoM’s emission advantage.

Executive Summary
What advantage? US GoM's global comparison
Emission sources: It’s all about power
Use it (power) or lose it (CO 2 ): facility utilisation is key
Managing lower throughput
What’s next for US GoM emissions?
- Future challenges – Large hubs in decline
- Future opportunities – redesigning platforms for the energy transition