A drilling derrick on BP's Thunder Horse platform in the Gulf of Mexico
Gulf of Mexico’s deepwater expansion, part 2: Existing assets
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
Given the costs and challenges of deepwater exploration and production in the Gulf of Mexico (GOM), it is unsurprising that operators are focused not just on new fields but also on maximising output from existing platforms. “The region’s three largest players—Shell, BP and Chevron—each have key platforms (hubs) where they are looking to maximise returns,” said Matt Snyder, vice-president and head of North America research at consultancy Welligence. “Through various technologies—water injection projects, ocean bottom node seismic acquisition—these companies have been able to not only increase production at these older fields, but in some cases considerably increase the estimated recoverable r
Also in this section
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
