Gulf of Mexico deepwater oil production hits record level

US Gulf of Mexico deepwater production again hit record levels last year, with an estimated 335 million bbl of oil and 1.18 tcf of gas, said officials of the US Minerals Management Service. Click here to enlarge imageOil production was up from 271 million bbl the previous year (Table 1)."The rise in oil production from the deepwater Gulf of Mexico has continued at a phenomenal pace, with a 24% increase from 2000 to 2001," said MMS Regional Director Chris Oynes.An estimated 570 million bbl of oil was produced in 2001 from all of the Gulf of Mexico, up from 522 million bbl in 2000."Natural gas production in the gulf showed a small increase, to an estimated 5.07 tcf in 2001," said Oynes. Bu...

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