Gulf of Mexico upstream news

The FPSO will be located in the Area 1 block, approximately six miles (10 km) off the coast of Mexico in the shallow waters of the Campeche Bay.

The study will examine specific economic parameters used by BOEM and BSEE for new and high-cost technologies like extended-reach subsea tiebacks.

The contract will start in 4Q20 with an expected duration of about three months.

The survey is anticipated to start in December 2020 with a project duration of approximately 80 days.

The US government said 21%, or nearly 396 000 bpd, of offshore crude oil production and 25%, or 685 million ft3/d, of natural gas output were shut in the US Gulf of Mexico.

Lease Sale 256, originally scheduled for August 2020, will include approximately 14 755 unleased blocks – all of the available unleased areas in federal waters of the Gulf of Mexico.

Offshore installation activities are scheduled for 2020.

The Taggart discovery is located on Mississippi Canyon Block 816 in approximately 5650 ft of water.

The three-year contract began on 1 May and will employ 144 Danos personnel in a variety of positions.

Rystad Energy has released its annual global energy outlook, which claims that the Covid-19 downturn will expedite peak oil demand.