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4 Pages

Wells offline reduce value in US deepwater Gulf of Mexico


Wells offline reduce value in US deepwater Gulf of Mexico

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.

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  • Wells offline reduce value in US deepwater Gulf of Mexico PDF - 467.55 KB 4 Pages, 0 Tables, 3 Figures
  • Well offline reduce value in US deepwater Gulf of Mexico.xls XLS - 159.00 KB

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This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

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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
  • Appendix
    • Modelling assumptions
    • Wood Mackenzie risking methodology
    • Economic assumptions

In this report there are 3 tables or charts, including:

  • An average deepwater GoM well is offline over two months a year
    • Wells offline reduce value in US deepwater Gulf of Mexico: Image 1
  • Eliminating downtime adds value without reducing volume
    • Wells offline reduce value in US deepwater Gulf of Mexico: Image 2
    • Wells offline reduce value in US deepwater Gulf of Mexico: Image 3
  • Appendix
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