Insight
Weighing waterflood benefits in US Gulf of Mexico
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Waterflooding is a powerful technique to unlock incremental volumes in a reservoir. Surprisingly, only 16% of the current producing fields in the US Gulf of Mexico (GoM) utilise this method, trailing behind other major deepwater regions. Our report dissects the details surrounding the underutilisation of waterflooding in the US GoM. We also discuss the performance of waterflooding across various play types, examine watercut trends, value two incremental programs and determine what could impact future waterflood implementation.
Table of contents
- Executive summary
- Introduction
- Waterflood history in GoM
- Waterflooding: a compelling value proposition?
-
Valuing two field case studies
- Tornado
- Tahiti
- Why isn't waterflooding more widely used in the US GoM?
- The next era in waterflood adoption in GoM
- Appendix
Tables and charts
This report includes 15 images and tables including:
- Waterflood implementation history in GoM
- Project FID by development type
- Single well EUR by play type
- Single well valuation by play type
- Watercut level of well in waterflooded fields by play type
- Waterflood adoption in deepwater offshore fields across different regions
- Recovery method of producing fields in GoM
- US GoM production by recovery method
- Recovery method of onstream, probable-development, and under-development fields in the Paleogene
- Cost assumption table
- Well SS001 production forecast
- Tornado cash flow comparison
- Tahiti liquid production
- Tahiti watercut
- Tahiti cash flow comparison
What's included
This report contains:
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