MP311 - GOM Shelf

Project Details

Main Data

• Unit Name: MP311 - GOM Shelf Oil and Gas Asset
• Status: The status of the asset is not explicitly mentioned in the provided sources, but given the context of other GOM Shelf assets, it is likely either in production or shut in. For example, the GI043 asset is listed as "shut in".
• Operator: The operator of the MP311 asset is not specified in the sources provided. However, operators for such assets in the GOM Shelf are typically major oil companies or large independents.
• Owner: The ownership details are not provided in the available sources.
• Discovery Year: This information is not available in the provided sources.
• Final Investment Decision (FID) Year: There is no mention of the FID year for MP311 in the available sources.
• Production Start Year: This detail is also not provided.

Production and Reserves

Since specific data for MP311 is not available, we can infer general trends from similar assets:

• Reserves: For assets on the GOM Shelf, remaining reserves typically include both oil and gas. For example, the GI043 asset has 21.9 million barrels of oil and 2514.51 million cubic meters of gas in remaining reserves as of 2019.
• Cumulative Production: Historical production data for MP311 is not available, but cumulative production for similar assets can be substantial. For instance, GI043 has cumulative production of 381.7 million barrels of oil and 46,934.73 million cubic meters of gas as of 2019.
• Current Production: Current production rates are also not specified for MP311, but for GI043, it was 0.74 million barrels per year for oil and 16.43 million cubic meters per year for gas in 2020.

Location

• Location: The asset is located in the Federal offshore waters of the United States, specifically on the Gulf of Mexico Shelf. The exact coordinates for MP311 are not provided, but it would be within a similar region as GI043, which is at 28.9597, -89.8265 (WGS 84 coordinates).

General Context

• Maturity of the Basin: The GOM Shelf is considered a mature oil and natural gas basin, with production declining significantly over the past two decades (77% for oil and 92% for gas).
• Lease and Royalty: Many GOM Shelf leases have a 16.67% royalty rate, and the majority of these leases are managed by the Bureau of Ocean Energy Management (BOEM).
• Future Prospects: The remaining opportunities on the GOM Shelf are increasingly limited in size and often require special efforts to pursue, typically by smaller companies.

Regulatory and Management Framework

• The asset is managed under the purview of the Bureau of Ocean Energy Management (BOEM), which is responsible for managing the development of U.S. Outer Continental Shelf energy, mineral, and geological resources in an environmentally and economically responsible way.