Deepwater Gulf Set For Rebound,Storms Permitting

摘要

The long-term pace of decline in US oil production will be largely determined by the deepwater Gulf of Mexico,but uncertainties over the timing of new field start-ups and mature-field decline rates,not to mention the vagaries of the weather,mean the region's own future production profile is hard to predict The evidence over the last few years certainly supports a cautious view,with production hit by two severe hurricane seasons in the space of three years,technical problems delaying the startup of some major new developments and evidence of rapid declines in some existing fields.