GULF OF MEXICO
UPDATE: US Gulf of Mexico Operators Restore All But 16% Of Region’s Crude Production
About 16% of US offshore production in the Gulf of Mexico remains offline after Hurricane Laura caused mass evacuations more than a week ago.
The Future of Floating Production Systems
The complete paper provides insight on the commercial drivers that significantly changed floating-production-system (FPS) design philosophy after 2014, with a particular focus on the US Gulf of Mexico (GOM).
Gulf of Mexico Independent To Sell Off Assets in $1-Billion Bankruptcy Deal
In the region’s second bankruptcy of the month all of the operator’s assets will be sold to a private equity energy group, pending court approval.
Offshore Enters Uncharted Waters
For the offshore sector, the collapse in oil demand and prices came just as the market was beginning to look up. Now many companies are focused on survival. This article discusses how various market segments, regions, and companies are faring in “the new reality.”
Equinor Makes First Discovery in Gulf of Mexico Since 2015
The Monument well represents the Norwegian operator’s first deepwater drilling project in US waters in 5 years.
Interest in US Gulf Lease Sale Sapped by Price Crash
Oil and gas operators played it safe in the latest offshore auction by placing about half the high bids typically made. As a result, the total dollar commitment for the round was the lowest since 2017.
Production-Logging Technologies Enhance Inflow Profiling in Deepwater Gulf of Mexico
This paper discusses the effectiveness of third-generation (Gen3) production-logging-tool (PLT) technology, which uses co-located digital sensors for simultaneous acquisition of flow data to provide the most accurate characterization of the flow condition at each depth surveyed.
Talos Shares Zama Reserves Audit Amid Unitization Negotiations With Pemex
Talos is hoping to retain its operatorship of the major discovery it made in 2017 offshore Mexico after a reserves audit confirmed the reservoir is shared between two offshore blocks.
US Could Make Hundreds of Millions More from Offshore Leasing, GAO Says
GAO believes BOEM often undervalues its tracts offered to operators in offshore lease sales.
BHP, Anadarko Among Leaders in Latest US Gulf Lease Sale
Australia’s BHP Billiton and the recently acquired Anadarko Petroleum submitted the largest dollar totals of high bids in US Gulf of Mexico Lease Sale 253.
Zama Appraisal Program Offshore Mexico Ends With Positive Results
Operator Talos Energy now believes Zama’s gross recoverable resource lies in the upper half of its pre-appraisal estimate of 400–800 million BOE. The consortium is working toward a 2020 final investment decision on the project.
More Tweaks Than Transformation in Rewrite of Well Control Rule
The new well control rule is evidence that memories of the Macondo blowout remain a powerful force for caution. Despite the rhetoric on both sides of this hot-button issue suggesting big changes, the final changes were incremental.
Murphy Oil to Buy Deepwater US Gulf Assets for up to $1.625 Billion
The El Dorado, Arkansas-based Murphy has quickly found a home for some of the cash it will receive from the sale of its Malaysia business. The company has been rapidly expanding its US gulf footprint while simplifying its portfolio and targeting more oil.
Shell Begins Production from Massive Gulf of Mexico Platform
Appomattox begins production below cost and ahead of schedule in another optimistic sign of the offshore sector’s rebound.
Spain’s Repsol, LLOG to Partner on Deepwater US Gulf Developments
The pact, which builds on the firms’ current partnership on the Buckskin project, covers four Keathley Canyon blocks including the Leon and Moccasin discoveries.
Blacktip: Shell’s New Discovery in the Gulf of Mexico
The explorer has so far encountered 400 ft of reservoir pay zone in an area where it has three other producing fields.
Israel’s Delek Group to Buy Stake from Shell in US Gulf Field for Almost $1 Billion
The move is part of Delek’s strategy to expand its operations beyond the Eastern Mediterranean region. Shell, meanwhile, is in the midst of a $10-billion divestment program.
Shell Dominates US Gulf Lease Sale
The major’s dominant showing in US Gulf of Mexico Lease Sale 252 propelled another rise in bids and dollars for the biannual regionwide auction.
Optimization Work Flow Converts Power to Performance for GOM Drilling
Time spent on bottom drilling is only approximately 10% of the time consumed by drilling operations, but this still provides a significant opportunity for savings if it can be reduced.
Mexico’s Giant Zama Discovery Gets New Interest Owner
DEA Deutsche Erdoel is buying Sierra Oil & Gas, giving the German operator stakes in six new blocks off Mexico—including the Zama discovery, where appraisal drilling is now under way.
BP, Chevron Bring Two More Offshore Projects on Stream
Majors BP and Chevron have overcome development challenges and delays to launch their respective Clair Ridge and Big Foot projects.
Total's Deepwater Output To Hit 500,000 BOE/D by 2020
Despite a trend toward renewables and low-carbon energy production among European majors, Total remains wholeheartedly committed to deepwater production.
Bids, Dollars Rise in Third Regionwide US Gulf of Mexico Lease Sale
ExxonMobil and Hess led the way in the most active regionwide US gulf lease sale thus far.
Looking for a Lot More Deepwater Production? Fix Your Old Wells
BP has seen enormous payoff from a program to intervene in underperforming subsea wells in the Gulf of Mexico.
Shell Makes Large Discovery Near Appomattox in Gulf of Mexico
Shell made its sixth discovery from the Norphlet formation in the deepwater Gulf of Mexico, where the firm’s newly arrived Appomattox platform just 13 miles away presents a tieback opportunity.
Shale Output Redefining US Production
US oil production is getting lighter and gas production is spreading as unconventional formations feed export growth.
US Gulf of Mexico Production Projected To Hit Record High
Falling costs and breakeven prices, increased operational efficiencies, and favorable government policy are at the heart of a potential short-term boon in Gulf of Mexico production.
Latest Gulf of Mexico Lease Sale Generates Moderate Bidding Interest
The largest lease sale in the history of the area attracts $139 million in total bids, a $2 million increase over the previous lease sale held last August.
Field Trials Help Boost Processing Capacity of Offshore Facility Above Nameplate Limit
The Constitution spar in the Gulf of Mexico has an original nameplate separation capacity of 70,000 BOPD and 200 MMscf/D of gas. Production potential from future developments is expected to exceed this limit.
Chevron, Total Log Big Discovery in Deepwater Gulf of Mexico
The two supermajors and offshore powerhouses are assessing the latest Gulf of Mexico discovery.
Total Ups Its US Gulf of Mexico Game Through Buy-In to Anchor Discovery
Total just strengthened its presence in United States deepwater plays through an acquisition from Samson that gives the French company a 12.5% interest in blocks covering the Anchor discovery, one of the most significant recent finds in the Gulf of Mexico.
US Offers Offshore Deals But Can It Compete?
The US is putting its offshore assets up for sale to compete for exploration dollars as offshore drilling begins to grow again.
Largest Gulf of Mexico Lease Sale Announced
The largest Gulf of Mexico lease sale in history is designed to jump-start offshore activity.
One-Trip Multizone Sand-Control-Completion System in the Gulf of Mexico Lower Tertiary
This paper provides perspective on the current state of multizone completion technology and issues encountered in the industry with developing a system that offers increased capabilities to meet the increasing challenges presented by the Lower Tertiary in the Gulf of Mexico.
Total Signs Deal With Chevron for Gulf of Mexico Acreage
Total is increasing its stake in the US Gulf of Mexico after buying shares of promising prospects from Chevron.
Deep High-Pressure Completions: A Case History Offshore Gulf of Mexico
A Gulf of Mexico case history is presented describing the successful delivery of two deep high-pressure high-rate-designed oil wells in an ultradeepwater environment.
Bidding Interest Drops for Gulf of Mexico Leases
Industry interest in US Gulf of Mexico acreage declined in the number of bids and the dollars offered at the latest federal lease sale, compared with the prior sale. But there was still some confidence shown in higher risk prospects.
US Daily Oil Production To Break Record in 2018
Crude oil production in the United States is expected to approach 10 million B/D in 2018 and surpass a previous high achieved in 1970, according to the latest US EIA forecast.
Systematic Coiled-Tubing-Efficiency Improvement Reduces Operational Time
Deepwater coiled-tubing (CT) well interventions can benefit from significant rig-time reduction and cost savings associated with improved efficiencies of surface processes.
Want To Make Deepwater More Profitable? Shell Says Listen to the Facility Staff
One of the oldest deepwater platforms in the Gulf of Mexico has become a profit-leader for the oil major during this downturn and is now a model for the company’s other floating assets.
US Gulf of Mexico Hits Record Production
New figures show that the facilities working in the Gulf of Mexico achieved higher crude output in 2016 than at any other period.
Shell: New Deepwater Project Can Break Even Below USD 40 Oil Price
The international major's low-cost development plan calls for a subsea tieback that will transport oil and gas through a single flowline to an existing floating production facility.
Thunder Horse Expansion Builds on BP’s Gulf of Mexico Strategy
Completed 11 months ahead of schedule, BP’s Thunder Horse South Expansion project furthers the company’s deep water agenda.
Anticipation, Uncertainty High for Upcoming Mexico Auctions
The opening of Mexico’s oil and gas sector was a landmark moment in the industry, but despite the potential upside, the uncertainty and risk surrounding unfamiliar offshore territory in a volatile price market kept many potential investors at bay.
Lucius Subsea-Production-System Design and Installation
This paper describes the architecture of the Lucius Gulf of Mexico subsea production system and the drivers behind it.
Safe Handling and Disposal of Nanostructured Materials
This paper provides a first-hand perspective on the appropriate handling of nanomaterials in a laboratory setting.
Early Kick Detection: Testing New Concepts
After the 2010 subsea blowout of the Macondo well that resulted in 11 deaths and the worst oil spill in US history, early kick detection technology found itself at the top of the wish list for regulators and offshore companies seeking to avoid similar accidents.
Pushing the Limits of Deepwater Stimulation
The lower tertiary formation found in the pre-salt layers of the Gulf of Mexico has become a proving ground for extending what is possible when completing multistage fracturing in ultradeepwater wells.
Mars-B Development: An Evolution of Traditional Well, Rig, and Facility Design
The Mars-B project is the operator’s sixth Gulf of Mexico (GOM) tension-leg-platform (TLP) development.
Offshore Industry Gets a Fresh Look at Foamed Cement
An ongoing research project started nearly 3 years ago by the US Department of Energy’s National Energy Technology Laboratory (NETL) is shedding new light on what really happens to foamed cement as it is pumped deep down offshore wells during completions.
Testing the World’s First Modular Capture Vessels
In response to the 2010 Deepwater Horizon incident that claimed the lives of 11 men and led to the worst oil spill in United States history, the offshore industry devised new technologies and methods that would allow for a quicker response in the US Gulf of Mexico.
Aging Offshore Fields Demand New Thinking
When he started his firm focused on removing obsolete offshore structures, Brian Twomey chose the name: Reverse Engineering Services. The thinking was that taking out a structure is like building it, but in reverse.
Hurricanes Lead to Decommissioning Innovations
A destructive run of three hurricanes has been a catalyst for a flurry of innovations in decommissioning shallow-water wells in the US Gulf of Mexico.
Deepwater Developments Driving Technip’s Technology
Record-setting megaprojects are driving innovation at the installation and subsea construction firm.
Shell Deploys Next-Generation TLP for Extended Field Development in GOM
The new Olympus tension leg platform (TLP) is the largest in the US Gulf of Mexico, with more than twice the displacement of the neighboring Mars TLP. It marks a leap forward in safety, improved operation time, and increased production capacity.
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19 October 2020
26 October 2020