Gulf of Mexico Oil Production Hits Record
Oil production in the US Gulf of Mexico (GoM) is poised to set new records in the imminent future, said Rystad Energy.
Royal Dutch Shell started producing oil and gas this month at its Appomattox platform in the deepwater GoM several months ahead of its expected startup in 3Q 2019, the energy research and business intelligence company said.
“With earlier than planned production, Appomattox will be a key growth contributor to help push US Gulf of Mexico oil production toward a new record high before year-end,” says Joachim Milling Gregersen, Analyst on Rystad Energy’s Upstream team.
In 2013, GoM oil production was a mere 1.28 million bpd, whereas in 2018 production averaged a record high of 1.79 million bpd. Rystad Energy forecasts that 2019 production will average 1.95 million bpd, with some months potentially touching the 2 million bpd ceiling.
The Appomattox platform, Shell’s largest floating production system (FPS) in the Gulf of Mexico, will host the adjacent Appomattox and Vicksburg hydrocarbon accumulations. Rystad Energy forecasts that plateau production at the Appomattox development will be around 140,000 boe per day.
“The torch has been carried by large deepwater fields, of which Appomattox is the latest contribution,” Milling Gregersen added.