Promethean is focused on being the best, last steward of offshore oil and gas production assets. We are therefore excited to be partnering with UH Energy, University of Houston ROICE program to advance clean energy repurposing of facilities in the Gulf of Mexico. https://lnkd.in/gVH6YU6q #energy #decommissioning #repurposing #energytransition #GulfofMexico
Promethean Energy
Oil and Gas
Houston, Texas 532 followers
Meeting the world's energy needs in the era of energy transition
About us
Promethean is an oil & gas operator with an integrated approach to the development, production, and ultimate decommissioning of mature assets OUR VISION Our vision is to help meet growing energy demand and enable an Orderly Energy Transition by producing readily available, secure, low-cost and low-carbon oil & gas, produced to high ESG standards with minimal environmental footprint. OUR MISSION We develop, produce and decommission mid- to late-life oil & gas assets in a cost-effective and environmentally sustainable manner, thereby helping the world and the oil industry transition to a low-carbon era. WHAT WE DELIVER Low cost of supply, low GHG emissions/ intensity, and a small environmental footprint while extending the life of the assets. HOW WE DO IT Via an integrated application of technologies, risk management, data and best practices. OUR THESIS Promethean’s thesis is primarily driven by the market opportunity created by the exit of U.S. independents from the Gulf of Mexico, which is recognized as a cost- and carbon-advantaged oil & gas basin. Significant development upside can be captured with the application of capital, technology and best practices to a deep inventory of underdeveloped, low-risk mid- to late-life assets. This creates the opportunity to build a pioneering, disruptive, transition-era, material Development & Production company, uniquely positioned to aggregate assets in the GoM. OUR STRATEGY SELECT: Producing assets in the GoM with infrastructure and development upside OPTIMIZE: Deliver integration of data, technologies and best practices ENHANCE: Execute staged development model with minimal capex EXTEND: Capture value via near-term optimization and enhancement of discovered resources
- Website
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https://promethean-energy.com
External link for Promethean Energy
- Industry
- Oil and Gas
- Company size
- 11-50 employees
- Headquarters
- Houston, Texas
- Type
- Privately Held
- Founded
- 2017
- Specialties
- Oil & Gas, Development & Production, Gulf of Mexico, Asset Selection, Technology Selection & Integration, Commercial Structuring, Project Execution, Operations, Subsea Tie-Backs, Seafloor Boosting
Locations
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Primary
2200 Post Oak Blvd
Suite 1000
Houston, Texas 77056, US
Employees at Promethean Energy
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Panos Cavoulacos
Global Oil & Gas Executive and Non-Executive Director
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Stephen Shatto
CFO @ Promethean Energy | Corporate Finance, M&A
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Steve Louis
SVP @ Promethean Energy | Program Director, Professional Engineer
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Srini Prasad
Upstream Oil/Gas Industry Consultant | Business Leader w/ a Technical Focus | Maximizing Basin Exploitation Value | Promoting Subsurface…
Updates
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We are delighted that the Department of Interior’s Bureau of Safety and Environmental Enforcement (BSEE) Director Kevin Sligh and other senior officials have been surveying progress on our Orphaned Well Decommissioning Project. We are proud to be able to demonstrate some of our differentiated approaches with the application of innovative technology and best practices. We are honored to be part of this important project to address orphan infrastructure, reducing environmental risks and enhancing safety. https://lnkd.in/gQcSJNFf #decommissioning #GOM #gulfofmexico #energy #oilandgas #energytransition
Interior Department Officials Tour Progress of Bipartisan Infrastructure Law-Funded Orphaned Well Decommissioning Projects in the Gulf
bsee.gov
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Pleased to have been able to demonstrate some of our differentiated approach with the application of innovative technology and best practices as we kick off this project.
Promethean Energy has started work on the temporary abandonment of nine orphan wells in the Matagorda Island lease area in the Gulf of Mexico on behalf of the U.S. Federal government. #oilandgas #offshore #decommissioning
Promethean Energy Kicks Off Decommissioning Works of Orphan Wells in Gulf of Mexico
oedigital.com
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Promethean Energy reposted this
The oil and gas industry confronts some familiar if evolving challenges as it looks to the future – reliably and cost-effectively meeting demand while addressing expectations relating to the energy transition and sustainability more broadly. One issue that has typically attracted less attention historically is that of mature oil fields and their ultimate decommissioning. Optimizing remaining production from often neglected mid to late-life fields can help meet ongoing demand without new exploration while helping offset the burgeoning costs and obligations of decommissioning oil and gas infrastructure. Applying best practices, technology and management focus to these challenges can help provide better outcomes for the industry, governments, and society as a whole. An orderly energy transition over the coming decades requires ongoing demand to be met and redundant infrastructure to be decommissioned in responsible and cost-effective ways. This task is core to Promethean Energy’s strategy which is focused on mature assets, and also feeds the agenda of the Decommissioning & Abandonment GOM Conference next week in Houston. This will be chaired by Promethean’s Steve Louis and Jim Christie, while Clint Boman, CSP will talk about applying best practices to deliver technology-driven safe and responsible decommissioning. #decommissioning #collaboration #houston #OffshoreNetworkLtd. Event website: https://lnkd.in/gt2K69DB
D&A GOM 2024 - Gulf of Mexico's Leading Decommissioning and Abandonment Event
https://events.offsnet.com/DA-GOM-2024
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We are delighted to be partnering with D&A GOM 2024 next month (April 9th & 10th) In Houston. Our very own Steve Louis and Jim Christie will be chairing the proceedings. We are looking forward to seeing you there, and for some great discussions and learnings from decommissioning challenges and solutions from the Gulf of Mexico and beyond. If you haven’t yet registered and want to hear more about the event reach out to Joseph Watson at [email protected]
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We are very pleased that Promethean’s Steve Louis and Jim Christie will be chairing the 2024 GOM D&A Conference. Both Steve and Jim bring a wealth of energy and experience to the topics to be addressed. Promethean’s approach is partnership, transparency and the sharing of best practices, and so we are delighted to be partnering with Offshore Network Ltd. to bring together leading industry players and innovative thinking for this event. For more information, contact [email protected] https://offsnet.com/da-gom
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We are very pleased that Promethean’s Jim Christie and Steve Louis were invited to help shape the thinking and concrete actions around this The National Academies of Sciences, Engineering, and Medicine initiative to reduce systematic risk in oil and gas operations and decommissioning in the Gulf of Mexico. We look forward to contributing to the next phase of what will be important both for the nation’s natural environment and its energy security.
What a great group, and what a fantastic two days of discussion on the opportunities and issues around Decommissioning in the Gulf of Mexico. lots of great insight and opportunity for my team as we move into the future. Thanks Baker Institute Center for Energy Studies (CES) for the outstanding support of this event. NASEM Gulf Research Program
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Promethean Energy reposted this
I am excited that Promethean Energy will be chairing the 2023 Offshore Well Intervention Gulf of Mexico Conference (OWI GOM) partnering with Offshore Network Ltd. https://lnkd.in/gACbuvsP I am especially pleased since I can also announce we have enhanced Promethean’s core capabilities to include wells management as part of our integrated service model. Elemental Energies is Promethean’s strategic partner for wells engineering as part of this expanded offering. Fitting then that Promethean Senior Advisor Alex Moody-Stuart and Elemental Energies Chairman Martyn Fear will be chairing proceedings on behalf of Promethean at OWI GOM. For further details about the conference, please contact Isobel Singh at [email protected]. #OWIGOM2023 #wellintervention #oil #gas #oilandgas
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I am excited that Promethean Energy will be chairing the 2023 Offshore Well Intervention Gulf of Mexico Conference (OWI GOM) partnering with Offshore Network Ltd. https://lnkd.in/gACbuvsP I am especially pleased since I can also announce we have enhanced Promethean’s core capabilities to include wells management as part of our integrated service model. Elemental Energies is Promethean’s strategic partner for wells engineering as part of this expanded offering. Fitting then that Promethean Senior Advisor Alex Moody-Stuart and Elemental Energies Chairman Martyn Fear will be chairing proceedings on behalf of Promethean at OWI GOM. For further details about the conference, please contact Isobel Singh at [email protected]. #OWIGOM2023 #wellintervention #oil #gas #oilandgas
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I am delighted that Promethean Energy has been chosen by the Department of the Interior’s Bureau of Safety and Environmental Enforcement (BSEE) to spearhead this groundbreaking work to decommission orphaned oil and gas infrastructure in federal waters. It will be an honor to deliver projects of strategic importance to the nation’s environmental stewardship and energy security, working with the federal government and other stakeholders. #decommissioning #energytransition #oilandgas https://lnkd.in/gPpk8PVr
Biden-Harris Administration Awards Contracts Supported by Bipartisan Infrastructure to Remove Orphaned Offshore Infrastructure
bsee.gov