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

Production & Wells Spud

(򗧈 Ft Water Depth)

Source: IHS Energy

Source: Forbes/BP Amoco/ APC

Estimated Basin Exhaustion Curve of DW GOM

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