Ziff Energy Completes 8th Gulf Of Mexico Deepwater Operations Study

November 2011, Vol. 238 No. 11

Ziff Energy recently completed the 8th edition of its Gulf of Mexico Deepwater Improving Field Performance (IFP) study, which evaluates 2010 operations for 36 deepwater-producing assets in the Gulf of Mexico.

Participation included seven deepwater operators, with majors such as Shell and Chevron, and leading independents such as Anadarko, who collectively account for 1 MMBOE/d total produced in the deepwater region. While the Gulf of Mexico Deepwater was in the spotlight last year with the Macondo incident, the region represents by far the most important domestic oil supply area for the U.S. (other significant Lower 48 areas include the Permian Basin in West Texas and New Mexico, and the rapidly expanding unconventional Bakken play in North Dakota).

Most deepwater gas production is associated with the oil, and growth in deepwater oil production has been essential to offset gas production declines this decade in the mature Gulf of Mexico Shelf.

This year’s study updated the Operating Cost Efficiency and Uptime Reliability Metrics last measured in 2009 with the 7th Edition, and also features extensive trend analysis at both field and company levels. The Ziff Energy offshore asset-level database includes extensive cost data for 100+ deepwater assets and 800+ shallow depth fields operated by 20 operators in many regions, including the Gulf of Mexico, Asia Pacific, North Sea, West Africa, and South America.

Deepwater operators interested in “backing into” the study on a late participation basis should contact Richard Tucker, VP Marketing & Client Relations, at 1(713) 985-5183 or richard.tucker@ziffenergy.com.