Panel Presentation at the OCS Policy Committee
Deepwater Gulf of Mexico: Supply Giant in the New Millenium?
October 27, 1999
Gulf of Mexico Deepwater Oil Production
Millions of Barrels per Year
159
108 72 42 55
1994
1995
1996
1997
1998
2
MMS
Gulf of Mexico Deepwater Gas Production
560
Billions of Cubic Feet (BCF) per Year
381 278 181
159
1994
1995
1996
1997
1998
3
MMS
1999 Deepwater GOM Projects
P ro sp ect N am e
M a rlin A lle g h e ny G e n e s is V irg o D u lc im e r P lu to Angus M a c a ro n i U rs a G e m in i Unnam ed Am oco B ritis h B o rn e o C h e v ro n E lf M a rin e r M a rin e r S h e ll S h e ll S h e ll T e x a co W a lte r O il an d G a s VK 915 GC 254 GC 205 VK 823 GB 367 M C 718 GC 113 GB 602 M C 810 M C 292 EW 1006 O c t-9 9 O c to b e r 1 , 19 9 9 J a n u a ry 2 8 , 1 9 99 N o v -9 9 A p ril 5 , 1 99 9 O c t-9 9 S e p te m be r 5 , 19 9 9 A u g u s t 2 4, 1 99 9 M a rc h 8 , 1 99 9 M a y 2 8 , 19 9 9 M a rc h 1 5 , 19 9 9
O p erato r
A rea/B lo ck P ro d u ctio n S tart U p
MMS
4
1999 GOM Deepwater Exploratory Wells (as of October 20, 1999)
Shell MC 522 7,229’
Chevron MC 1002 7,470’ Statoil/BR/K-M GC 995 6,766’
MMS
5