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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 1980�s and early 1990�s.
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