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The AAPG/Datapages Combined Publications Database
Houston Geological Society Bulletin
Abstract
Abstract: Maritech Resources — Sunset Field Strategy for the
Gulf of Mexico
By
Maritech evaluates mature oil and gas 
properties
to determine both the economic life
remaining and the future abandonment and
decommissioning liabilities. Even with a positive
cash flow, many mature properties have a
negative net worth because of the abandonment
and facility removal obligations that are looming
in the not too distant future. Maritech acquires
these end-of-life properties
, manages the remaining
production—often extending their economic
life through well intervention operations and
development drilling—and then performs all
necessary well abandonment and decommissioning
services. Maritech has created a very
successful niche business strategy in the Gulf of
Mexico that has added significant value to it’s
shareholders. Mr. McCarroll will explain this
strategy and review the growth of the company
and several of it’s successful exploitation projects.
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