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Gulf of Mexico Shallow Water - Declining Oil and Gas Production and Increasing Cost Limits Growth Prospects of IOCs


Gulf of Mexico Shallow Water - Declining Oil and Gas Production and Increasing Cost Limits Growth Prospects of IOCs

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Additional Information
Price $3,500.00
Meta Description No
Publisher GlobalData
Date of Report Dec 4, 2011
Quick Overview
Gulf of Mexico Shallow Water - Declining Oil and Gas Production and Increasing Cost Limits Growth Prospects of IOCs

Summary

Global Data’s new report, “Gulf Of Mexico Shallow Water - Declining Oil and Gas Production and Increasing Cost Limits Growth Prospects of IOCs” analyses the shift of international oil companies from the shallow water of Gulf of Mexico to deep waters of the Gulf of Mexico Offshore. The report compares the reserves, production, investments and economics of upstream operations in shallow and deep waters of GOM offshore to explain the attractiveness of deep waters projects and the shifting focus of International Oil Companies from shallow to deep waters. Mergers and acquisitions in shallow waters have also been discussed to analyze the growth prospects of International Oil Companies in the region and their growing interest in deep water projects in GOM Offshore.

Scope

The report provides detailed discusses the Shift of International Oil Companies from the shallow waters to Deep waters of GOM offshore and the reasons thereof. The report based on several comparison and industry developments discusses the growing attractiveness of Deep water projects for International Oil Companies The report specifically focuses on -
- A comparison of exploration and production activities in terms of reserves , production , discoveries in deep and shallow waters of Gulf of Mexico
- The Economics of Upstream activities in shallow and Deep waters of Gulf of Mexico and economic rationale for the International Oil Companies to focus on the deep water projects in Gulf of Mexico
- The impact of BP oil spill on the upstream operations in deep and shallow waters of GOM offshore
- Market dynamics in shallow water of GOM offshore in view of declining production from shallow waters of GOM offshore
- Merger and acquisitions between International Oil Companies and Independent oil companies and among independent companies.

Reasons to buy

- Develop business strategies with the help of specific insights about into the reserves , production , investments and other developments in the shallow and deep waters of GOM Offshore.
- Identify opportunities and challenges in Shallow and Deep waters of GOM Offshore
- Identify opportunities to partner with companies operating in Shallow and Deep waters of GOM Offshore.
- The research will allow you to identify prospective investment targets based on insights into economics of upstream developments in shallow and deep waters of GOM Offshore.
Table of Contents
1 Table of contents
1 Table of contents 3
1.1 List of Tables 5
1.2 List of Figures 6
2 Introduction 7
2.1 Market Definition 7
2.2 GlobalData Report Guide 7
3 The Gulf of Mexico Shallow Waters 8
3.1 An Overview of Exploration and Production in Gulf of Mexico (GOM) Shallow Waters 8
3.1.1 Crude Oil and Natural Gas Reserves in Shallow Water and Deep Waters in GOM 8
3.1.2 Proved Crude Oil Reserves in GOM Offshore Deep and Shallow Waters 10
3.1.3 Proved Natural Gas Reserves in GOM Offshore Deep and Shallow Waters 11
3.1.4 Oil and Gas production in GOM offshore Deep and Shallow Waters 12
3.1.5 Total Crude Oil Production in GOM Offshore, MMboe, 2000–2009 14
3.1.6 Crude Oil Production in GOM Offshore Shallow and Deep Waters 15
3.1.7 Natural Gas Production in GOM Offshore 16
3.1.8 Natural Gas Production in GOM Offshore Shallow and Deep Waters, bcf, 2000–2009 17
3.1.9 GOM Offshore Shallow Waters Hold Sizeable Share of Natural Gas Reserves in GOM 19
3.2 Reduced Exploration Activity and Declining Investments in GOM Shallow Water 20
3.2.1 Diminishing Exploration Leases on Offer in Shallow Waters of GOM 20
3.2.2 Investment in Shallow Water Accounted for Less Than One Tenth of Total Investment in Gulf of Mexico During the Period 2009–2010 22
4 Economics of Upstream Activities in GOM Offshore Shallow Waters 23
4.1.1 Cash Flow and Gross Revenue 26
4.1.2 NPV and IRR 27
4.1.3 Government and Contractor Take 28
4.1.4 Tax Liability 28
4.2 Major Companies Operating in GOM Offshore Shallow Waters 29
4.2.1 Chevron Corporation 31
4.2.2 Apache Corporation 31
4.2.3 W&T Offshore Inc 31
4.2.4 McMoRan Exploration Company 32
4.2.5 ExxonMobil Corporation 33
5 Oil and Gas Projects in GOM Shallow Water – A Strategic Shift from Shallow to Deep Waters 34
5.1 Mature Assets and Depleting Output in Shallow Waters 34
5.2 Recent New Discoveries in Deep and Ultra Deep Waters Bolster Investments in GOM Offshore Deep Waters 35
6 BP’s Deepwater Horizon Disaster – The Origin and Aftermath 37
6.1 Stringent New Regulations and Policies after the Oil Spill 37
6.2 Delays in Approval and Investments Affect the Progress of Projects in GOM Offshore 38
6.3 Cost of Compliance with New Regulations After the BP Oil Spill Makes Exploration in GOM Shallow Water More Expensive 39
7 Gulf of Mexico Shallow Waters – IOCs and Independent Companies 40
7.1 Share of Oil and Gas Production of IOCs and Independents 40
7.2 Lower Decline Rates Assure Long Term Prospects for Independent Companies 41
8 Declining output and Alternative Investment Opportunites in Deep Waters – Impact on Market Dynamics in GOM Shallow Waters 42
8.1 International Oil Majors Pull Out Investments from GOM Shallow Waters and Continue to Explore Deep Waters 42
8.2 Smaller and Independent Oil Companies Strengthen their Presence in GOM Offshore 44
8.3 Gulf of Mexico, Shallow Water, Major M&A Deals, 2008–2010 46
8.3.1 Plains Exploration to Sell its Oil and Gas Assets in Gulf of Mexico (September 20, 2010) 46
8.3.2 Superior Energy Services, Bullwinkle Plat Superior Energy Services Completes Sale Of Its 49% Interest In Bullwinkle Platform In Gulf of Mexico (February 2, 2010) 46
8.3.3 Apache Acquires Oil And Gas Assets In The Shallow Waters Of The Gulf Of Mexico From Devon Energy (April 12, 2010) 46
8.3.4 Leed Petroleum Acquires Ship Shoal Block 202 Lease from Mariner Energy (March 19, 2009) 46
8.3.5 Medco Energi Acquires East Cameron Block 316 From Energy Resources Technology (March 10, 2009) 46
8.3.6 Buccaneer Energy Acquires 100% Interest In East Cameron Block 357 (August 1, 2008) 46
8.3.7 Providence Resources Acquires Assets From Triangle Oil and Gas (May 7, 2008) 47
8.3.8 Tammany Oil & Gas Acquires Assets from Summit Gulf Venture (April 30, 2008) 47
8.3.9 Pyramid Petroleum Acquires 25% Working Interest In Brazos 440 block (April 25, 2008) 47
8.3.10 Leed Petroleum Acquires Interest In Main Pass From Challenger Minerals (30 Jan 2008) 47
9 Appendix 48
9.1 Abbreviations 48
9.2 Methodology 49
9.2.1 Coverage 49
9.2.2 Secondary Research 49
9.2.3 Primary Research 50
9.2.4 Primary Research 50
9.2.5 Expert Panel Validation 50
9.3 Contact Us 51
9.4 Disclaimer 51




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