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The oil price collapse brought with it expectations that deepwater exploration and development would take a hit as operators sought to cut spending. Projects that had already been sanctioned before the downturn, though, were expected to continue, and in the long term a rebound was anticipated in offshore regions.

The US Gulf of Mexico has been relatively resilient compared to other offshore regions. Indeed, earlier this year the area was reported to have passed Brazil to become the world’s most active deepwater market, although activity in the Gulf has also taken a hit. Nonetheless, prospects in the region, particularly in the Lower Tertiary, continue to be talked up, and technological advances are increasingly opening up the area.

NewsBase’s Gulf of Mexico Special Report provides a comprehensive overview of deepwater projects being developed in the region, exploration and production prospects, safety and cost considerations for operators and offshore technical challenges. Highlights from the report include profiles of new and upcoming deepwater projects, an assessment of the Lower Tertiary trend, a look at how offshore operators are contending with the low oil price environment and forecasts of production trends into the 2020s.

The report is a detailed guide to the advances, challenges, risks and opportunities related to operating in the deepwater Gulf. It features exclusive insight from operators, analysts and other industry experts. 

Top Stories

11 October 2016, Week 40, Issue 660
Tullow Oil issued a notice of force majeure to Seadrill Partners on October 3 for the West Leo semi-submersible. The unit had been carrying out work on Ghana’s TEN development. 


11th October 2016, Week 40, Issue 634
Mexico could auction shale fields next year, but has numerous obstacles to overcome, including low oil prices, writes Jude Webber What: Mexico is considering including shale fields in tenders that...