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EIA: US Gulf Oil Output To Continue Record Pace

Shell started production from its Appomattox deepwater platform in May. The floating production system will produce 175,000 BOE/D. Source: Shell.

US crude oil production in the Gulf of Mexico will continue to set production records in each of 2019 and 2020, according to projections from the US Energy Information Administration (EIA).

Based on expected production levels at new and existing fields, annual US gulf oil output will increase to 1.9 million b/d in 2019 and 2 million B/D in 2020. The estimates include shut-ins related to Hurricane Barry in July and adjustments for additional hurricane-related shut-ins this year and next.

Although final data are not yet available, EIA estimates output reached 2 million B/D in August.

US gulf producers expect eight new projects to come online in 2019 and four more in 2020. EIA expects these projects to contribute about 44,000 B/D in 2019 and about 190,000 B/D in 2020 as projects ramp up production.

However, EIA expects the US gulf to account for just 15% of total US crude production in 2019 and 2020, down from 23% in 2011, as onshore production growth continues to outpace offshore production growth.

According to EIA’s Drilling Productivity Report, US shale oil production is projected to rise 58,000 B/D in November to just under 9 million B/D.

Expected US Gulf Field Startups 2019–2020 

Field name Operator Discovery year Start
Buckskin LLOG 2009 2019
Appomattox Shell 2010 2019
Hadrian North Occidental Petroleum 2010 2019
Vicksburg A Shell 2013 2019
Constellation  Occidental Petroleum 2014 2019
Stonefly LLOG 2016 2019
Nearly Headless Nick Murphy Oil 2018 2019
Gladden Deep W&T Offshore 2019 2019
Bulleit Talos Energy 1985 2020
Atlantis North  BP 1998 2020
Calliope Murphy Oil 2017 2020
Orlov Fieldwood Energy 2019 2020

EIA: US Gulf Oil Output To Continue Record Pace

16 October 2019

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