GOM Adding Significant Capacity to Support Several Years of Growth

The production outlook from the Gulf of Mexico (GOM) is brightening due to stabilizing oil prices and producer confidence in bringing new projects on-time and within budget. New projects will help offset decline from ageing fields and will add roughly 500,000 b/d in new capacity that will lift output over the next 3 years with production increasing by over 140,000 b/d in 2019.