Ernie Leyendecker - Discovery Thinking: The Gulf of Mexico Advantage

Key Points

• Geologic Advantage
  • Prolific Deepwater Basin
  • Great Petroleum System
    • World Class Source Rock
      • Restricted basin
      • Paleoclimate
      • Oil prone
    • Thick Tertiary Section
      • Rapid deposition
      • Excellent reservoirs
      • Multiple objectives
    • Salt Tectonics
      • Structural complexity
      • Migration pathways
      • Traps & seals
• Commercial Advantage
  • High-Margin Oil
  • Fiscal System
  • Access
• Competitive Advantage
  • Extensive Infrastructure
  • Comprehensive Service Sector
  • Skilled Workforce

Discovery Thoughts

• Keys to Success
• Land is the Basis for all Wealth – Build Running Room
• Oily Basins…Keep Giving
• Petroleum Systems…All Elements are Critical
• Drill Good Prospects Near Good Infrastructure
• Drill Good Geology not Good Seismic Images
• Unknown Unknowns
• The Absence of Evidence is not the Evidence of Absence