Hopkins (GC627) - Anadarko

Location

The Hopkins (GC627) asset is located in the federal offshore waters of the United States, specifically in the Gulf of Mexico.

Operator

The asset is operated by Anadarko, although it is important to note that Anadarko was acquired by Occidental Petroleum in 2019. Therefore, the current operator might be Occidental Petroleum or one of its subsidiaries.

Operational Status

As of the latest available information, the Hopkins (GC627) asset is an operating oil and gas field. This indicates that it is actively producing oil and/or natural gas.

Geographical and Geological Context

The Gulf of Mexico, where the Hopkins asset is located, is a significant region for deepwater oil and gas production. The area is known for its complex geology, requiring advanced technologies for exploration and production. Projects in this region often involve deepwater drilling, subsea tie-backs, and infill drilling to optimize production.

Production Characteristics

While specific production data for the Hopkins (GC627) asset is not readily available in the provided sources, deepwater projects in the Gulf of Mexico typically involve high-pressure, high-temperature (HPHT) wells. These projects often require sophisticated infrastructure, including subsea production systems and possibly floating production, storage, and offloading (FPSO) units or tension leg platforms (TLPs).

Technological and Infrastructure Aspects

Deepwater projects like Hopkins (GC627) often employ advanced technologies such as subsea tie-backs, which allow for the connection of new wells to existing infrastructure, reducing costs and increasing efficiency. Infill drilling, which involves drilling additional wells within an existing field to extract more resources, is also a common practice in these areas.

Economic and Market Context

The viability of deepwater projects in the Gulf of Mexico is heavily influenced by oil prices. In periods of low oil prices, projects must be leaner and more cost-efficient to remain competitive. This involves simpler project designs, reduced capital expenditures, and a focus on infrastructure-led exploration.

Regulatory and Environmental Considerations

Operations in federal offshore waters are subject to stringent regulatory requirements, including those set by the Bureau of Safety and Environmental Enforcement (BSEE) and the Bureau of Ocean Energy Management (BOEM). These regulations cover safety standards, environmental impact assessments, and compliance with various federal laws and guidelines.

In summary, the Hopkins (GC627) - Anadarko Oil and Gas Asset is an operating deepwater oil and gas field in the Gulf of Mexico, characterized by advanced technological requirements, significant infrastructure, and a need for cost efficiency in a competitive market environment.