The US Gulf of Mexico has a busy schedule
Gulf of Mexico set to gather momentum
Buoyed by stronger oil prices and demand recovery, the region has plenty of projects on the roster
Offshore exploration in the US Gulf of Mexico is building up a head of steam—with BP’s mid-April Puma West oil discovery in the basin just the latest example. Several companies have outlined material drilling campaigns across 2021, while output poised to rise sharply over the next two years. The EIA estimates that at least 200,000bl/d of new production will come online in the Gulf of Mexico by 2023. This would lift production in the basin to 1.75mn bl/d, only 150,000bl/d shy of its all-time record. Most of these barrels will come from several large-scale projects. BP’s Mad Dog 2 venture is scheduled to start up this year, producing up to 140,000bl/d through the Argos platform. Thunder Hor
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
