Ziff Energy study.
The Ziff Energy Group has launched the 6th edition of its Deepwater Reducing Field Operating Costs (RFOC) study which will evaluate 2006 operating costs for more than two dozen deepwater producing assets in the Gulf of Mexico. Participation will include nine deepwater operators who collectively account for over 80% of the 1.36 million barrels of oil equivalent per day (MMBOE/d) produced in the deepwater region of the Gulf of Mexico (see accompanying map) floating production assets to be included; the study will also include fixed and subsea assets).[GRAPHIC OMITTED]
Ziff Energy's last deepwater study was conducted three years ago, assessing 2003 data. Many changes have occurred since then, including production from many new deepwater assets including eight new spars (Red Hawk, Gunnison, Constitution, Holstein, Mad Dog, Devil's Tower, Front Runner and Medusa), three new Tension Leg Platforms (Magnolia, Matterhorn and Marco Polo), a semi-submersible production host for six oil and gas fields (Na Kika), and dozens of new subsea wells.
Offshore Brazil is another major deepwater area, operated primarily by Petrobras, and West Africa (Nigeria and Angola) is an important emerging deepwater region.
The deepwater Gulf of Mexico region is considered the most important domestic oil supply area for the U.S. oil and gas industry, although the impact of the hurricanes led to significant declines for both oil and gas production in late 2005 and 2006 (see the graph above). The deepwater region of the Gulf has continued to have new "world class" discoveries and significant new field developments, though fewer new assets came online in 2005 and 2006, compared to 2004.
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Further information about the deepwater initiative is available from the Ziff Energy Group offices in Houston at (713) 985-5183. For information, e-mail richard.tucker@ziffenergy.com.
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| Title Annotation: | Offshore |
|---|---|
| Publication: | Pipeline & Gas Journal |
| Date: | Jan 1, 2007 |
| Words: | 294 |
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