MODELING GULF OF MEXICO LOST PRODUCTION—2: Model framework can aid decision on redevelopment

07/14/2008
Most of the destroyed infrastructure from the 2004 and 2005 hurricane seasons in the Gulf of Mexico were mature assets low on their production curve. The revenue stream from a destroyed asset is at the least deferred, and unless the field is redeveloped, previously economic reserves will be left in the ground.Property owners of destroyed assets are faced with a decision: Should the asset be abandoned along with its future cash flow or should the asset be redeveloped? Mature assets are unlikely to meet the economic thresholds to support redevelopment, and in the majority of cases, these structures will be abandoned by owners.In Part 2 of this four-part series, we develop a model framework ...
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