Research on Development Expenditure Forecasting of Deepwater Oilfield in Gulf of Mexico

DOI

10.2991/icfied-17.2017.33How to use a DOI?

Keywords

Gulf of Mexico; ocean engineering; development cost; investment forecast

Abstract

Gulf of Mexico(GoM) is the earliest deep-water oilfields that have been developed. Especially after the 2010's BP oil leakage accident, more and more efficient, safe and inexpensive development key technology have been put into use in this area. Therefore, researching on this important deep-water area tends to be reference valuable to development of deep-water oilfields all over the world. This paper analysis the developing concept in recent 10 years and the EPC contract price of deep-water ocean engineering construction expenditure in GoM. By running the biggest cost database of software QUE$TOR and analyzing the cost data of result, the analysis and forecast have been done for the deep-water oil and gas development expenditure in GoM, exploring the relevance between the cost index and oil price.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Mingyu Shi
AU  - Chenggao Yi
AU  - Jianjun Wang
AU  - Jianhui Bai
PY  - 2017/04
DA  - 2017/04
TI  - Research on Development Expenditure Forecasting of Deepwater Oilfield in Gulf of Mexico
BT  - Proceedings of the 2017 2nd International Conference on Financial Innovation and Economic Development (ICFIED 2017)
PB  - Atlantis Press
SP  - 161
EP  - 164
SN  - 2352-5428
UR  - https://doi.org/10.2991/icfied-17.2017.33
DO  - 10.2991/icfied-17.2017.33
ID  - Shi2017/04
ER  -