Gulf of Mexico
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The president of Chevron North America E&P examines how standardization and operational efficiency is crucial for operators looking to bolster their deepwater portfolios.
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US oil production is getting lighter and gas production is spreading as unconventional formations feed export growth.
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Falling costs and breakeven prices, increased operational efficiencies, and favorable government policy are at the heart of a potential short-term boon in Gulf of Mexico production.
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The largest lease sale in the history of the area attracts $139 million in total bids, a $2 million increase over the previous lease sale held last August.
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Anadarko aims to maximize immediate short-cycle value through tiebacks and platform relocations in the Gulf of Mexico.
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Integrated surveillance is critical for understanding reservoir dynamics and improving field management. A key component of the surveillance is areal monitoring of subsurface changes by use of time-lapse geophysical surveys such as 4D seismic.
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Platform that once tested the limits of deep water will play new role closer to Louisiana coast.
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The Hess-operated field, which drew first oil in January, is expected to produce 80,000 BOPD as production ramps up this year.
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The Constitution spar in the Gulf of Mexico has an original nameplate separation capacity of 70,000 BOPD and 200 MMscf/D of gas. Production potential from future developments is expected to exceed this limit.
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The two supermajors and offshore powerhouses are assessing the latest Gulf of Mexico discovery.