Analyst Anticipates A New Growth Period In The Deepwater Gulf

摘要

Production in the deepwater Gulf of Mexico is expected to reach a peak of 1.9 million barrels of oil equivalent a day in 2016, according to analysts Wood Mackenzie. Driven by new developments and the expansion of older fields, Wood Mackenzie says, this will be the first time GOM production surpasses its previous peak set in 2009. "2014 is the start of the next significant growth period in the deepwater GOM," states Imran Khan, GOM analyst at Wood Mackenzie. "We expect production to grow 18 percent annually from 2014 to 2016." For 2015, Wood Mackenzie forecasts Gulf of Mexico production will increase 21 percent from its 2014 level. The firm says the impact will intensify in 2016 when the Heidelberg Field comes on line and the Jack/St. Malo project ramps up. "These three fields combined will produce 115,000 boe a day in 2016," Khan asserts. "In addition to new fields coming on stream, redevelopment and extension of older fields will augment growth."