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Deepwater Gulf of Mexico - America's Expanding Frontier
SOURCE: U.S. Department of the Interior, Minerals Management Service, Gulf of Mexico OCS Region
A handful of major oil and gas companies blazed the trail into deepwater in the 1980ís and early 1990ís.
In this report, we define major companies to include BP, ChevronTexaco, ExxonMobil, and Shell.
Note that majors dominated deepwater leasing in 1992-1993. In 1996, nonmajors
began acquiring significant leaseholdings, a trend that continued through 2003. Nonmajor companies are
poised to play a leading role in the future of the deepwater Gulf.
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LEASING DRILLING AND DEVELOPMENT RESERVES AND PRODUCTION SUMMARY AND CONCLUSIONS Feedback