How much oil is produced in the Gulf of Mexico?

In 2020, GOM crude oil production averaged 1.65 million bpd. Production is forecast to exceed 2020 levels, reaching 1.71 million bpd in 2021 and 1.75 million bpd in 2022. Since 2000, the highest crude oil production year was 2019 at 1.9 million bpd. Large offshore projects take several years to develop.

What percentage of oil is produced in the Gulf of Mexico?

Gulf of Mexico federal offshore oil production accounts for 17% of total U.S. crude oil production and federal offshore natural gas production in the Gulf accounts for 5% of total U.S. dry production.

Who produces the most oil in the Gulf of Mexico?

bp is one of the largest oil producers in the deepwater Gulf of Mexico. Its strategy is rooted in continued investment and exploration around four operated hubs: Atlantis, Mad Dog, Na Kika and Thunder Horse.

How many billion barrels of oil are accessible in the areas already open to drilling in the Gulf of Mexico?

While those are large amounts, there are significant oil reserves still to be found in the western and central Gulf, which are already open to drilling. There, some 45 billion barrels of oil reserves are up for grabs, of which 37 billion barrels could be produced economically at current oil prices.

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Where does Mexico get most of its oil?

Exports and imports

In 2019, Mexico exported 1.3 million b/d of crude oil. The United States received 51% of Mexico’s crude oil exports, most of which arrived by tanker (Figure 3). Mexico is the second-largest source of U.S. crude oil imports (behind Canada).

How many oil rigs are in the Gulf of Mexico 2021?

The total supply of offshore oil and gas rigs in the U.S. Gulf of Mexico was 53 in the week of August 12, 2021. The utilization rate was 83.3 percent, with 25 marketed and contracted offshore rigs recorded that same month.

What is one reason drilling is not safe in the Gulf of Mexico?

Severe weather, ice and storms pose risks to the functionality of the rigs, and their distance from land make it harder for additional rescue personnel to promptly reach the areas in emergency situations. The inexperience of oil companies at operating at these depths is a third issue.

Which country owns the Gulf of Mexico?

The Gulf of Mexico (Spanish: Golfo de México) is an ocean basin and a marginal sea of the Atlantic Ocean, largely surrounded by the North American continent.

Gulf of Mexico
Basin countries United States, Mexico, Cuba, Canada (minor), and Guatemala (minor)
Max. width 1,500 km (932.06 mi)
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