HomeMagazine2021August 2021, Vol. 248, No. 8EIA Reports: Gulf of Mexico Projects, Production to Grow in 2022

August 2021, Vol. 248, No. 8

Features

EIA Reports: Gulf of Mexico Projects, Production to Grow in 2022

The U.S. Energy Information Administration (EIA) forecasts that U.S. crude oil production in the U.S. Federal Gulf of Mexico (GOM) will increase in the next two years, according to the latest Short-Term Energy Outlook (STEO). By the end of 2022, 13 new projects could account for about 12% of total GOM crude oil production, or about 200,000 bpd.   GOM accounts for 15% to 16% of U.S. crude oil production. In 2020, GOM crude oil production averaged 1.65 MMbpd. Production is forecast to exceed 2020 levels, reaching 1.71 MMbpd in 2021 and 1.75 MMbpd in 2022. Since 2000, the highest crude oil production year was 2019, at 1.9 MMbpd.   Large offshore proje

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