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Page added on June 3, 2019

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GOM Production Poised to Set New Records

Production

Oil production in the U.S. Gulf of Mexico (GoM) is poised to set new records in the imminent future.

That’s what energy research and business intelligence company Rystad Energy said in a statement posted on its website recently.

Rystad forecasts that 2019 oil output from the region will average 1.95 million barrels per day (bpd), with some months “potentially touching the two million bpd ceiling”. GoM oil production averaged 1.28 million bpd in 2013 and steadily rose to average a record high of 1.79 million bpd in 2018, Rystad highlighted.

“With earlier than planned production, Appomattox will be a key growth contributor to help push U.S. Gulf of Mexico oil production toward a new record high before year-end,” Joachim Milling Gregersen, an analyst on Rystad Energy’s upstream team, said in a company statement.

The deepwater Appomattox project is Shell’s largest floating platform in the GoM, according to Shell’s website. The company produced first oil from the development last month and anticipates an average peak annual production of 175,000 barrels of oil equivalent (boe) from the project. Rystad forecasts that plateau production at the Appomattox development will be around 140,000 boe per day.

Shell will be one of the top 2019 GoM equity producers, according to a list published by Rystad back in April. Other top equity producers from the region this year, according to Rystad’s list, will include BP, Equinor and ExxonMobil. A combined Chevron and Anadarko Petroleum entity took first place in the list, with Rystad predicting that such a company would produce just above 400,000 boe per day.

Chevron ended up bowing out of the chase for Anadarko after Occidental Petroleum made a proposal to acquire the company. Last month, Occidental agreed to buy Anadarko for $57 billion.

RIGZONE



10 Comments on "GOM Production Poised to Set New Records"

  1. Coffeeguyzz on Mon, 3rd Jun 2019 7:28 pm 

    Peak what, again, exacklee?

    If Chevron’s Anchor project – targeting the 30,000 foot deep +/- Jurassic- is successful, a whole new world of ultra high pressure (20,000 psi) resource will become potentially viable.

  2. Dredd on Mon, 3rd Jun 2019 11:02 pm 

    The gulf water has a lot of heat in it … hurricanes could slow things down … https://www.nodc.noaa.gov/dsdt/cwtg/egof.html

  3. Mick on Mon, 3rd Jun 2019 11:33 pm 

    Rigporn. need I say more?

  4. Cloggie on Tue, 4th Jun 2019 1:14 am 

    Rigporn. need I say more?

    You are too lightweight to say more.

  5. Mick on Tue, 4th Jun 2019 4:54 am 

    Here we go get ready for a long string of the clogs long winded posts.

  6. Robert Inget on Tue, 4th Jun 2019 10:28 am 

    “Chevron’s Anchor project – targeting the 30,000 foot deep +/- Jurassic- is successful, a whole new world of ultra high pressure (20,000 psi)” (30)

    Twenty thousand PSI is a greater pressure than anyone would want to put in your bicycle tire..
    FACT

    If youse guys have ever hefted a schedule 40 PVC
    U know thickness.

    http://ihservice.com/PDF's/Pipe%20Selection%20Chart.pdf

    So, wells @ 30,000 feet also encounter extreme heat. FACT
    https://www.pmel.noaa.gov/eoi/nemo1998/education/pressure.html
    APPROVED

    OTOH, Permits to replace an EXISTING 60 yr old OIL pipeline ON lake floor, with a steel and concrete TUNNEL are denied.

    //www.reuters.com/article/us-enbridge-inc-pipeline/minnesota-court-rules-environmental-assessment-for-enbridge-pipeline-inadequate-idUSKCN1T4274

    We really need a genuine energy policy before another one of those ultra high pressure wells
    blows its contents.

    Canada is being pressured by China to REPLACE
    and increase capacity of a pipeline from Alberta to China or BC which ever is closer.

    I’m betting the US courts will force Canada to go with China.

  7. Duncan Idaho on Tue, 4th Jun 2019 10:38 am 

    Can you say “desperation”?
    I knew you could!

  8. Davy on Tue, 4th Jun 2019 10:44 am 

    “Canada is being pressured by China to REPLACE and increase capacity of a pipeline from Alberta to China or BC which ever is closer. I’m betting the US courts will force Canada to go with China.”

    BULLSHIT Bob, China and Canada are on the out and out. The Huawei deal has put China and Canada at odds. You should know that bob?? What is going on in your head??

  9. I AM THE MOB on Tue, 4th Jun 2019 8:36 pm 

    Projected future percent population of present day minorities in the US

    https://i0.wp.com/cdn.vox-cdn.com/uploads/chorus_asset/file/3446600/Screen_Shot_2015-02-25_at_1.52.01_PM.0.png

    Within one more generation..Whitey will the minority!

    HAHAH!

  10. Anonymous on Wed, 5th Jun 2019 8:51 am 

    GOM has already broken several records, recently. Opposite of what Peak Oil Barrel said would happen.

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