Insight
After the crash – what's changed in the US Gulf of Mexico?
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The US GoM is leaner and nimbler than it was in the last price downturn. But the implications of the most recent crash in prices will be felt for years to come. Investment, cash flow, exploration and project sanctions have all seen major recalibrations. In this report, we have outlined the five key findings from our revised Lens Upstream dataset to show what current market conditions mean for companies operating in the US GoM.
Table of contents
-
Executive summary
- Low prices take a toll on valuations
- US GoM companies try to live within cash flow
- Exploration and leasing are hit the hardest
- Leasing spend crashes
- Exploration plans get halved
- No project gets the greenlight
- Conclusion
Tables and charts
This report includes the following images and tables:
-
Remaining NPV 10 (Jan 2020 dataset)Capex revisionProduction revision
-
Assets most impacted by 2020 capex reductionsCompany cash flows in 2020Exploration activity outlook (2020)Projects with deferred FID
What's included
This report contains:
Other reports you may be interested in
Asset Report
Spruance (EW 877)
Spruance (EW 877) is a small Subsalt Miocene oil discovery in the Ewing Banks protraction area of the Central Gulf of Mexico. The field ...
$3,720
Asset Report
Magnolia (GB 783)
Magnolia (GB 783) is a medium-sized oil and associated gas field located in the Garden Banks protraction area of the Central Gulf of ...
$3,720
Insight
US upstream in brief: Permian meeting notes
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary WoodMac views.
$1,350
