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Strategic Investments for Sustainable Production
Responsible Growth, Strong Returns for Late-Life Assets
Strategic Consolidation in the GOA Shelf
Capitalizing Untapped Value in Mature Assets
Promethean Energy brings a fresh perspective and unique expertise to late-life asset acquisition. We go beyond traditional metrics, targeting undervalued opportunities others miss. Our focus is on oil-weighted production, infrastructure synergies, and untapped development potential in the High Island to Main Pass region. We selectively evaluate deepwater assets for unique potential. Our data-driven approach minimizes risk and maximizes returns.
Positive NPV Acquisitions
97-98% of all U.S. offshore oil and natural gas production comes from the Gulf of America
The shelf is brimming with untapped potential, despite lagging investment activity. The declining production and eroding value are not deterrents to Promethean. Our strategic evaluation methods allow us to strategically deploy capital, maximizing production value while managing decommissioning liabilities with responsibility. We focus on efficient operations, infrastructure optimization, and proactive decommissioning planning to create long-term value for our partners.
Negative NPV Acquisitions
Over $7 Billion in Asset Retirement Obligations Exist Due to Bankruptcies
Promethean Energy sees opportunity where others see burden. We acquire non-producing assets and those with high decommissioning costs, transforming liabilities into manageable projects that pay off. Our innovative approach allows sellers to remove these obligations from their books while ensuring responsible asset management. Leveraging our expertise and cost efficiencies, we execute decommissioning with financial assurances in place, creating value for all stakeholders.
Smart Asset Acquisition Process
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IDENTIFYThorough Asset Screening
We meticulously screen and select mature assets in the GOA, focusing on those with untapped potential and a strategic fit with our portfolio.
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INTEGRATESeamless Operations
Integrating acquired assets into our portfolio is seamless, leveraging existing infrastructure and expertise for immediate efficiency gains.
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ENHANCEProduction and Cost Synergies
Implementing advanced technologies and operational efficiencies, we optimize production, reduce costs, and maximize value.
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EXTENDLifecycle Value Creation
We take a long-term view, optimizing current production while planning for eventual decommissioning to ensure maximum value throughout the asset's lifecycle.
