GOM Production Poised to Set New Records
https://www.rigzone.com/news/gom_production_poised_to_set_new_records-03-jun-2019-158968-article/June 03, 2019
Oil production in the U.S. Gulf of Mexico (GoM) is poised to set new records in the imminent future.
That’s what energy research and business intelligence company Rystad Energy said in a statement posted on its website recently.
Rystad forecasts that 2019 oil output from the region will average 1.95 million barrels per day (bpd), with some months “potentially touching the two million bpd ceilingâ€. GoM oil production averaged 1.28 million bpd in 2013 and steadily rose to average a record high of 1.79 million bpd in 2018, Rystad highlighted.
“With earlier than planned production, Appomattox will be a key growth contributor to help push U.S. Gulf of Mexico oil production toward a new record high before year-end,†Joachim Milling Gregersen, an analyst on Rystad Energy’s upstream team, said in a company statement.
The deepwater Appomattox project is Shell’s largest floating platform in the GoM, according to Shell’s website. The company produced first oil from the development last month and anticipates an average peak annual production of 175,000 barrels of oil equivalent (boe) from the project. Rystad forecasts that plateau production at the Appomattox development will be around 140,000 boe per day....
