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Gulf of Mexico Shallow Water
2 páginas
Publicado por
rgunnam
Gulf of Mexico Shallow Water - Declining Oil and Gas Production and Increasing Cost
Limits Growth Prospects of International Oil Companies
Shallow Waters of GOM offshore Will Experience Sharp Fall in Crude Oil and Natural
Gas Production...
[Más]
Gulf of Mexico Shallow Water - Declining Oil and Gas Production and Increasing Cost
Limits Growth Prospects of International Oil Companies
Shallow Waters of GOM offshore Will Experience Sharp Fall in Crude Oil and Natural
Gas Production by 2018
Crude oil and natural gas production in shallow water regions has been declining over the
past few years.
Most of the producing assets in the shallow waters of the Gulf of Mexico
(GOM) Offshore are past their peak production and have been witnessing a steep fall in
production during the last 15 years.
The share of shallow water production in the total
GOM production has decreased from 67% in 2000 to 35% in 2009.
Shallow water
production declined from 917.
6 million barrels of oil equivalent (MMboe) in 2000 to
347.
8 MMboe in 2009, registering an average annual decline rate of 10.
8% during the
period 2000-2009.
The oil production declined at an average annual rate of 8.
2% and
natural gas declined at a rate of 11.
8% during the same period.
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