US deepwater Gulf of Mexico offers many exploration opportunities
This report is currently unavailable
Report summary
The average cost to drill an exploration well in the deepwater Gulf of Mexico (GoM) has more than doubled to US$88 million since 2007, eroding returns on exploration. This rise in exploration well costs is mostly due to operators targeting deeper prospects in the Subsalt Miocene, Lower Tertiary, and Jurassic. Exploration drilling will continue to focus on these three key plays as they offer material opportunities providing 22 of the 25 largest discoveries in the last 10 years.
Table of contents
- Exploration picking up steam
-
Operators to combat costs with infrastructure-led exploration
- Stacked plays
- Exploration around hubs
- Diverse exploration strategies remain
Tables and charts
This report includes 4 images and tables including:
- Exploration wells drilled and discoveries
- Reserves discovered by play-type
- Exploration drilling days per well
- Exploration well costs
What's included
This report contains:
Other reports you may be interested in
23 June 2017
Deepwater Gulf of Mexico is leaner, smaller and ready to compete
Deepwater Gulf of Mexico is leaner, smaller and ready to compete
This insight uses maps to illustrate how the status quo for exploration and development has begun to shift in deepwater Gulf of Mexico.
$1,35012 October 2017
Statoil corporate report
Statoil corporate report
Statoil is making progress to re-engineer its business towards a lower cost, lower carbon future. But there is still work to do.
$6,75002 December 2016
Sole standalone in a sea of tiebacks: BP's Mad Dog is the only major FID in deepwater Gulf of Mexico this year
Sole standalone in a sea of tiebacks: BP's Mad Dog is the only major FID in deepwater Gulf of Mexico this year
Project redesign and cost deflation led to sanction; project execution now front and centre
$1,250
