GoM to regain momentum predicts EIC, deepwater leads the way

Drilling in the Gulf of Mexico is likely to regain the momentum it had before the Macondo incident according to an analysis by EIC Consult.

Offshore staff

LONDON –Drilling in the Gulf of Mexico is likely to regain the momentum it had before the Macondo incident according to an analysis by EIC Consult.

The report says there are 5,981 active leases in the GoM, and following the issuance of the new permitting regulations, more than 130 new well permits have been granted, mostly in waters greater than 5,000 ft (1,500 m). Plus, there are many more applications pending.

Specific projects cited in the report through EIC DataStream include Shell’s Cardamom oil field, the first deepwater plan to be cleared after the Macondo disaster; Chevron’s Big Foot deepwater oil field; BP’s Mad Dog oil and gas field; Anadarko’s Lucius oil and gas field where appraisal drilling took place in July 2011; and future projects such as ExxonMobil and Anadarko’s Hadrian oil and gas field where first production is expected to begin in 2014.

EIC Consult is the market research and consultancy arm of the Energy Industries Council.

2/29/2012

More in Regional Reports