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Widening LLS Brent differential another uncertainty for deepwater GoM project economics

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27 June 2013

Widening LLS Brent differential another uncertainty for deepwater GoM project economics

Report summary

We estimate that a change in the future differential between LLS and Brent compared to the historical average will result in a US$15.5 billion decrease in value in deepwater GoM. As more US onshore crude is transported to the Gulf Coast, Wood Mackenzie expects the LLS-Brent differential to widen further. Despite this drop in value, we do not anticipate that any future projects will become uneconomic as a result of this change alone.

Table of contents

Tables and charts

This report includes 3 images and tables including:

  • US crude benchmarks (nominal)
  • Impact on value for top 10 projects
  • Economic effects for top 10 probable developments

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  • Document

    Widening LLS Brent differential another uncertainty for deepwater GoM project economics

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