Big deepwater finds buoy Gulf of Mexico oil and gas prospects

Journal Article · Sun Dec 15 23:00:00 EST 1991 · Oil and Gas Journal; (United States)

OSTI ID:5413613

Koen, A D

This paper reports on a recent string of major deepwater discoveries that has buoyed prospects for finding more giant oil and gas fields in the Gulf of Mexico. At midyear 1991, operators disclosed details of three deepwater gulf strikes with combined reserves potential approaching 1 billion bbl of oil equivalent (BOE). Exxon Corp. last week disclosed a fourth possible giant field discovery in the deepwater Gulf of Mexico. However, huge upfront development costs and a dearth of rigs capable of drilling in deep water are crimping a significant expansion of activity in Gulf of Mexico deep waters.

• OSTI ID: 5413613
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 89:50; ISSN OIGJA; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200 -- Petroleum-- Reserves
Geology
& Exploration
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
42 ENGINEERING
423000 -- Engineering-- Marine Engineering-- (1980-)
ATLANTIC OCEAN
CARIBBEAN SEA
COST
DRILLING
ENERGY SOURCES
ENGINEERING
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
GULF OF MEXICO
MINERAL RESOURCES
NATURAL GAS
NATURAL GAS DEPOSITS
NATURAL GAS FIELDS
NATURAL GAS WELLS
OFFSHORE OPERATIONS
OIL FIELDS
OIL WELLS
PETROLEUM
PETROLEUM DEPOSITS
PLANNING
PROSPECTING
RESERVOIR ENGINEERING
RESOURCE POTENTIAL
RESOURCES
SEAS
SURFACE WATERS
WELL DRILLING
WELLS