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Wells offline reduce value in US deepwater Gulf of Mexico
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Report summary
Between 2007 and 2013, producing oil and gas wells in the deepwater Gulf of Mexico (GoM) were online an average 79% of the time. Reducing the amount of time a well is producing decreases NPV and IRR in the long-term by deferring production into the future. For a large field in deepwater GoM, less than a 10% change in producing days each year leads to as much as 15% change in NPV.
Table of contents
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An average deepwater GoM well is offline over two months a year
- Average number of days on production per month: 2007-2013
- Eliminating downtime adds value without reducing volume
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Appendix
- Modelling assumptions
- Wood Mackenzie risking methodology
- Economic assumptions
Tables and charts
This report includes 3 images and tables including:
- Wells offline reduce value in US deepwater Gulf of Mexico: Image 2
- Wells offline reduce value in US deepwater Gulf of Mexico: Image 3
- Wells offline reduce value in US deepwater Gulf of Mexico: Image 1
What's included
This report contains:
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