Gulf of Mexico hits record production

Average oil production in the Gulf of Mexico in the United States has reached a new high. Average January production reached 1.7 million barrels of oil per day, marking a fourth consecutive month of increases for the offshore region.

These figures were published by the US Energy Information Agency (EIA), which predicts that gross Gulf Gulf production will continue to rise in 2018.

Last year, eight offshore projects were commissioned in the basin, including Shell's D Stones floating production facility, which began in September and the Anadarko platform. In addition, seven more projects are scheduled to begin this year.

The EIA notes that the improvement in production totals comes amid a significant decline in offshore platform activity. By 2014, the average number of drilling rigs in the US Gulf was 55 compared to 22 in 2016. Correlated to this trend is an increase in exploratory wells drilled in proportion to developing wells.

 

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