Insight
Understanding the US GoM's emissions advantage
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.
Table of contents
- 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
Tables and charts
This report includes 10 images and tables including:
- Emissions intensity of ten largest deepwater producing countries
- CO2e emissions by source, deepwater US GoM facilities
- Simplified diagram of platform components, power, and product flows
- Emissions intensity by platform utilisation rate
- Fuel intensity by platform utilisation rate
- Holstein and Auger platform comparison (2021)
- Change in operating power, Holstein and Auger platforms, 2021
- Atlantis emissions intensity forecast
- Emissions intensity of Vito designs
- Appendix: Factors influencing emission intensity
What's included
This report contains:
Other reports you may be interested in
Insight
Looming labour strike in Canada could de-rail coal shipments
Workers in Canada's two largest railways have voted on a strike action which could greatly impact main coal exporters Teck and Conuma.
$1,100
Insight
Geothermal Market Update Q1 2024
Geothermal energy has the potential to be the low-carbon energy resource of choice.
$1,050
Insight
North American NGL Infrastructure Databank - May 2024
This report tracks existing and planned gas processing facilities, fractionation, NGL pipelines, and export terminals in Canada and the US.
$1,050
