The two faces of the U.S. Gulf outlook

摘要

Extraordinary growth on the one hand, continued decline on the other: These are the two faces of the outlook for the U.S. Gulf of Mexico oil and gas industry that found proponents in recent weeks. The extraordinary growth seen in exploration and production activity in the deepwater Gulf of Mexico the past 12 years shows no signs of waning, according to the biennial publication of the Minerals Management Service (MMS), Deepwater Gulf of Mexico 2004: America's Expanding Frontier. MMS officials unveiled its recent report on the deepwater Gulf of Mexico at the Offshore Technology Conference this month in Houston.