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MMS expects Gulf production growth from deepwater, deep-shelf.(NewsWell)(Minerals Management Service)
Publication: Oil and Gas Investor Publication Date: 01-JAN-05 Author: Williams, Peggy
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COPYRIGHT 2005 Access Intelligence, LLC.
By 2011, the deepwater portion of the Gulf of Mexico will account for 80% of oil production from the entire province, the U.S. Minerals Management Service predicts in its first 10-year energy projection.
During the coming decade, peak oil production is expected to rise by 43% and natural gas production by 13%. Gulf of Mexico oil production, currently 1.5 million barrels per day, will rise to 2 million barrels a day by 2006 and will peak at rates as high...
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