05242018Thu
Last updateThu, 24 May 2018 12pm

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End-User News

Deepwater Gulf of Mexico Comeback Set for 2018

The U.S. deepwater Gulf of Mexico sector has struggled since crude dropped in late 2014. However, as costs finally settle at a bottom and operators set a new standard for operational efficiency, 2018 might just be a turning point for the sector, according to Wood Mackenzie.

According to the insight, production of oil and gas in deepwater Gulf of Mexico is expected to reach an all-time record high in 2018 with 1,935 kboe/d forecasted (80% oil); surpassing the previous record in 2009 by nearly 10% and representing 13% growth year over year. 

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