Estimated Oil and Gas Reserves Gulf of Mexico: December 31, 2003

Reserve estimates from geological and engineering analyses have been completed for the 1,141 proved fields. Reserves accountability is dependent on the drilling and development phases of fields. When a field is in the unproved category, geophysical mapping and limited well data are the basis for defining reservoir limits. Once a field is moved into the proved category and more data become available, the reserve estimate is re-evaluated. Well logs, well file data, seismic data, and production data are continually analyzed to improve the accuracy of the reserve estimate. As a field is depleted and abandoned, the proved reserves of productive reservoirs are assigned a value equal to the amount produced and the reserve estimate of non-producing reservoirs is converted to known resources. Currently, there are 226 proved expired, depleted fields.

Author: U. S. Department of the Interior

Publisher: Createspace Independent Publishing Platform

Publication Date: Jan 03, 2015

Number of Pages: 60 pages

Binding: Paperback or Softback

ISBN-10: 1503328139

ISBN-13: 9781503328136