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Will deepwater GoM continue its hot streak?

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13 August 2019

Will deepwater GoM continue its hot streak?

Report summary

Deepwater Gulf of Mexico created buzz in the first half of the year. The region recorded an uptick in exploration, project sanctions, and M&A activity which demonstrate operators’ commitment to the region. Discovered volumes from exploration is close to 300 mmboe, compared to 145 mmboe discovered throughout all of 2018. The US GoM accounted for 20% of projects sanctioned globally. Production started from the first ever Jurassic-aged reservoir in deepwater GoM, and Murphy and Equinor scaled up their position through billion-dollar acquisitions. But what can we expect from the second half of the year?

Table of contents

  • Executive summary
  • A potentially moderate lease sale
  • Exploration is back with a splash
  • Ultra high-pressure Paleogene projects inch closer to FID
  • The Jurassic comes alive in the deepwater GoM
  • Strategic acquisitions
  • Conclusion

Tables and charts

This report includes 3 images and tables including:

  • Deepwater GoM lease cost
  • GoM deepwater 2019 exploration activity
  • Ultra high-pressure Paleogene capital spend

What's included

This report contains:

  • Document

    Will deepwater GoM continue its hot streak?

    PDF 3.34 MB

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