Oil production from fields in federal waters of the U.S. Gulf of Mexico is forecast to hit an average of 1.9 million barrels per day this year.
Combined, the 2019 startups are expected to add about 44,000 barrels per day (bbl/d) in production, while the 2020 projects will bring about 190,000 bbl/d. (Source: Shutterstock.com)
With eight new developments cranked up or preparing to do so this year and another four lined up for 2020, the U.S. Gulf of Mexico (GoM) is on track to hit more oil production records in federal waters, according to the U.S. Energy Information Administration (EIA).
The EIA forecasts oil production from new and existing fields in the GoM will rise to an average of 1.9 million barrels per day (MMbbl/d) this year and inch up to 2 MMbbl/d in 2020, besting the production record of 1.8 MMbbl/d set in 2018.