Take A Chance On Me - Oil Explorers Plan for Production Growth in U.S. Gulf of Mexico

29/08/2024 13 min
Take A Chance On Me - Oil Explorers Plan for Production Growth in U.S. Gulf of Mexico

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Episode Synopsis

Crude oil production in the U.S. Gulf of Mexico (GOM) is poised for a growth spurt through 2030 even as producers brace for a host of challenges, not least from forecasts that global oil demand will subside in the long term. But while the GOM’s supply accounts for a relatively small portion of total U.S. production, exploration and production companies (E&Ps) haven’t lost interest, in part because the Gulf offers key crude grades in high demand. In today’s RBN blog, we examine what is stoking the renewed interest in developing the GOM. 

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