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Posts Tagged ‘EIA’

January GoM oil production held steady at ~1.7 million BOPD

Posted in Gulf of Mexico, Offshore Energy - General, tagged , , on April 1, 2022| Leave a Comment »

Even after full recovery from Hurricane Ida, Gulf of Mexico production remained well below the August 2019 monthly peak of 2.044 million BOPD. Production should trend upward in the near term as the Vito, Anchor, Argos, King’s Quay, and Whale floating production units come online. However, to sustain production near or above 2 million BOPD, exploration activity needs to be stimulated. This will be difficult given the suspension of leasing, and the continuous legal and administrative challenges.

Meanwhile the April 1 rig count held steady at 14.

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GoM production for September reflects Ida shut-ins

Posted in Gulf of Mexico, hurricanes, Offshore Energy - General, tagged , , , on November 30, 2021| Leave a Comment »

Data from EIA

More than half of GoM oil production was shut-in for 13 days in September and several hundred thousand BOPD were shut-in for the rest of the month. The result was a 42% reduction in production from pre-Ida (July) levels.

All production has now been restored so the December EIA figures should give us a good read on stablized post-Ida production.

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GoM oil production for August reflects Ida shut-ins

Posted in Gulf of Mexico, hurricanes, Offshore Energy - General, oil, tagged , , , , on October 31, 2021| Leave a Comment »

Data from EIA

1.60 to 1.74 million BOPD were shut-in from 8/28 to 8/31, reducing the average daily production for August to 1.535 million barrels per day, a net reduction of 312,000 BOPD from July. The September production figure will be significantly lower given that more than half of the GoM production was shut-in for 13 days in September and several hundred thousand BOPD were shut-in for the rest of the month. September production will be released at the end of November.

Shell is now anticipating that their GoM production will be fully restored by mid-November.

Hurricane_Ida_landfall.jpg
Hurricane Ida – JPT graphic

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Gulf of Mexico Production

Posted in Gulf of Mexico, hurricanes, Offshore Energy - General, oil, tagged , , , on October 1, 2021| Leave a Comment »

EIA just released the July data, and GoM oil production averaged 1.845 million BOPD, which was consistent with expectations. 2021 production through July was relatively stable averaging from 1.762 to 1.845 million BOPD. This will, of course, change dramatically when the August data are released, and even more so for September. Most production was shut-in for Ida beginning on 8/28 and some production has not yet been restored. Per BSEE’s final update (9/23), about 300,000 BOPD remained shut-in.

The EIA data are plotted below:

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About 20% of GoM oil production has been restored. EIA reports June production.

Posted in Gulf of Mexico, hurricanes, Offshore Energy - General, oil, tagged , , on September 1, 2021| Leave a Comment »

Presumably, most of the restored GoM production is from platforms like Exxon Hoover that were not subjected to hurricane conditions. Per BSEE, the total oil production shut-in as of 9/1 is 1,455,279.

The latest EIA production report for June 2021 has just been released and GoM oil production averaged 1.825 million BOPD.

from EIA data

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Brazil and Angola

Posted in Offshore Energy - General, oil, tagged , , , , , on January 28, 2011| Leave a Comment »

Brazil and Angola share more than a common language. Both aspire to be presalt production leaders.  According to Platts Oilgram News (not available online):

BP, Total, Eni and other international majors have been awarded concessions to explore in Angola’s ultra deepwater presalt blocks, a ministry of energy official told Platts January 26, as companies hope to replicate in the southwest African country the successof the pre-salt plays offshore Brazil.

Per a separate Platts article:

According to the US Energy Information Administration website as of January 2010, Angola had proven oil reserves of 9.5 billion barrels while government statements in December 2009 put total reserve numbers as high as 13.1 billion barrels.

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