Ultradeepwater play paces gulf, North America

With the discovery of giant Crazy Horse and Atlantis fields, as well as Mad Dog, Holstein, and Trident, the ultra deepwater Gulf of Mexico play has become front-page news. In our view, this is the most important exploration play in North America today. Click here to enlarge imageThrough mid-2001, industry appears to have found 3-4+ billion boe in nine discoveries (Table 1). Only nine fields in the entire Gulf of Mexico discovered before 1996 have estimated ultimate recovery of more than 500 MMboe, but discoveries announced in the last 2 years in the ultradeepwater, frequently Miocene play may have added three or more to the giant field list.A number of large discoveries have been made in...

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