Weighing waterflood benefits in US Gulf of Mexico Report

Insight 08 December 2023

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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.

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