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.
ESAI Energy LLC
Integrated market analysis and forecasting methodology
