Down but Not Out: Deepwater Gulf of Mexico Liquids Production Capacity Update
By Leta Smith
Production from the Deepwater Gulf of Mexico (DWGOM) declined in 2011, resulting in a new lower starting baseline for production growth. This combined with adjustments to start dates for some projects has resulted in a lowering of liquids production capacity in the near term but an increase in the latter half of this decade. A peak level for DWGOM capacity, projected before Macondo for 2012–13, is now anticipated to occur during 2017–18 and may be about 100,000 barrels per day lower than orig...
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