U.S. Gulf of Mexico crude oil production to continue at record highs through 2019

U.S. crude oil production in the Federal Gulf of Mexico (GOM) increased slightly in 2017, reaching 1.65 million b/d, the highest annual level on record. Although briefly hindered by platform outages and pipeline issues in December 2017, oil production in the GOM is expected to continue increasing in 2018 and 2019, based on forecasts in the EIA’s latest Short-Term Energy Outlook (STEO). EIA expects the GOM to account for 16% of total U.S. crude oil production in each year. Source: Today in Energy – U.S. Gulf of Mexico crude oil production to continue at record highs through 2019

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Source: CTRM Center

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