Under-explored Basins: Growth Potential
Access to new areas is imperative to unlocking production growth potential.
Rockies & DW GOM still early in the S-Curve life
DW GOM: 10 BBOE discovered with first 100 wells
- Next 1,000 wells could add 30 BBOE of reserves
- Production grew 2 Bcf/d 1997 - 2000 & will continue
Challenges are technology, access, and economics
Source: Forbes/BP Amoco/ APC
Estimated Basin Exhaustion Curve of DW GOM